The short run is a period of time:
a. in which a firm uses at least one fixed input.
b. that is long enough to permit changes in the firm's plant size.
c. in which production occurs within one year.
d. in which production occurs within six months.
a
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Explain the difficulty with applying the benefits principle and give examples
What will be an ideal response?
A ________ pays out cash flows from a collection of assets in different tranches, with the highest-rated tranch paying out first, while lower ones paid out less if there are losses on the underlying assets
A) collateralized debt obligation (CDO) B) adjustable-rate mortgage C) negotiable CD D) discount bond
Use the following graph for a private closed economy to answer the next question. 
The multiplier for the above economy is
A. 2. B. 3. C. 4. D. 5.
Dumping occurs when a firm:
A. charges a higher price to a foreign market than either the price charged in its home market or the production costs. B. generates toxic waste when producing export goods and then dumps the waste in the ocean. C. stops selling to a foreign market due to excessive tariffs. D. charges a lower price to a foreign market than either the price charged in its home market or the production costs.