As new firms enter a monopolistically competitive industry, the demand curve for an individual firm shifts to the right.
Answer the following statement true (T) or false (F)
False
When more firms enter the market, the individual firm's demand curve shifts to the left and becomes more elastic because more close substitutes (other firms) are available.
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Refer to the figure below. 
In the figure, a business cycle trough is shown by which point(s)?
A. D only B. B and D C. A and C and E D. A only
Which of the following groups gain from international trade? i. producers of exported goods ii. domestic consumers of imported goods iii. workers in exporting firms
A) i only B) ii only C) iii only D) i and iii E) i, ii, and iii
If there are equal rates of return between assets in two currencies, then there is
A) purchasing power parity. B) interest rate parity. C) parity of exchange. D) foreign exchange parity.
The market labor-supply curve has all of the following properties except it:
A. is always upward sloping. B. reflects people's willingness to work more when wages are higher. C. shows the relationship between the price of labor and the quantity supplied. D. shifts with changes in the opportunity cost for work