In the long run, a perfectly competitive firm will react to profits by _____
a. improving the quality of its products
b. increasing the price of the good it produces
c. reducing its labor inputs
d. increasing its level of output
d
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The supply of loanable funds can decrease as international and domestic savers send their saving to other international markets
a. True b. False Indicate whether the statement is true or false
Autonomous consumption is
A. 0.
B. 1000.
C. 2000.
D. 3000.
Exchanges of stocks take place
A) in New York City only. B) in the principle financial city of each country, such as New York City for the United States and London for England. C) in a decentralized fashion around the world. D) in centralized physical locations known as stock exchanges and online through Internet brokers.
Examining the conditions that could lead to unemployment in an economy is an example of a microeconomic topic
Indicate whether the statement is true or false