A decrease in the market interest rate will _____
Fill in the blank(s) with the appropriate word(s).
increase investment for individual firms, so total investment in the economy increases.
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Archibald's Tattoos is a perfectly competitive firm. The firm's costs are shown in the table above. What is Archibald's shut-down point?
A) $10.00 B) $16.67 C) $15.00 D) $12.50
Which of the following explains why soccer players make millions of dollars in Europe but do not in the United States?
a. discriminatory rules established by the government b. compensating wage differentials for living in Europe c. discriminatory preferences on the part of US sports fans for other sports d. efficiency wages paid to European players to enhance on-field performance
Which of the following is used to calculate real GDP
a. Real GDP equals nominal GDP subtracted by price index multiplied by 100. b. Real GDP equals nominal GDP plus price index divided by 100. c. Real GDP equals nominal GDP multiplied by price index divided by 100. d. Real GDP equals nominal GDP divided by price index multiplied by 100.
A perfectly competitive industry is in long-run equilibrium. If demand for the product decreases, we can expect:
A. firms to enter the market. B. firms to exit the market. C. no change in the number of firms in the market. D. There is not enough information to tell what will happen to the number of firms in the market.