When price is less than the firms' minimum average total cost, ________
A) new firms will enter the market
B) existing firms will leave the market
C) prices are likely to fall further
D) firms' profits are likely to be maximum
B
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The majority of evidence points to the fact that, in the last decade in the United States, labor productivity has
A) stayed the same. B) increased. C) decreased in the manufacturing sector but increased in the service sector. D) decreased.
Discuss how a single bank creates money. What is the limit to which a single bank can add to the money supply? By how much can an entire banking system add to the money supply?
An important element that is excluded from U.S. poverty figures is:
A. interest income. B. earned income. C. in-kind transfers such as food stamps and housing assistance. D. income tax.
Owners have limited liability for debt
What will be an ideal response?