The Eurocurrency market grew due to a lack of regulation, which permits greater efficiency in providing banking services
Indicate whether the statement is true or false
TRUE
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The short-run supply curve for a perfectly competitive firm is its
A) marginal cost curve above the horizontal axis. B) marginal cost curve above its shutdown point. C) average cost curve above the horizontal axis. D) average cost curve above its shutdown point.
The long-run average cost curve indicates
a. the lowest average costs of production at each level of output. b. the lowest average costs of production for each plant size. c. the lowest point along each of the firm’s short-run average total cost curves. d. the lowest point along each of the firm’s short-run marginal cost curves.
Which of the following ideas is associated with mainstream economics?
A. Monetary policy rules are desirable. B. Capitalist economies tend to be stable. C. Crowding-out of investment makes fiscal policy ineffective. D. Fiscal policy is a useful stabilization tool.
Every society faces trade-offs. Explain the concept of trade-offs
What will be an ideal response?