Requiring that a firm engage in pollution abatement will likely do all of the following except
A. Shift the firm's ATC curve downward.
B. Reduce profits for the firm.
C. Reduce the amount of output the firm produces.
D. Shift the firm's MC curve upward.
Answer: A
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One of the main sources of comparative advantage is internal economies
Indicate whether the statement is true or false
If a borrower arbitrarily gains purchasing power as the result of a particular loan agreement, then
A. actual inflation was greater than expected inflation. B. actual inflation was equal to expected inflation. C. actual inflation was less than expected inflation. D. the real interest rate was greater than the nominal interest rate.
Business cycles all display the following characteristics except
A. rising prices during an expansion and falling prices during the contraction. B. a period of expansion followed by one of contraction. C. comovement of many economic variables. D. they last a period of one to twelve years.
Today, people changed their expectations about the future. This change a. can cause a movement along a demand curve
b. can affect future demand but not today's demand. c. can affect today's demand. d. cannot affect either today's demand or future demand.