Which of the following members of the European Union has NOT adopted the euro?
A) Denmark
B) Estonia
C) Germany
D) Greece
A) Denmark
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The market for maple syrup is perfectly competitive. Suppose that the market is in long-run equilibrium when the market demand for maple syrup increases. What happens in the short run?
A) Firms will enter the market. B) Some of the existing firms shut down. C) The firms decrease production. D) The firms increase production.
Why have poverty rates fallen for the elderly since 1960?
What will be an ideal response?
If a firm is a price taker, then the demand curve faced by the firm is perfectly elastic
a. True b. False Indicate whether the statement is true or false
Which of the following would be expected if the tariff on foreign-produced automobiles was increased? a. The domestic price of automobiles would fall
b. The supply of foreign automobiles to the domestic market would be reduced, causing auto prices to rise. c. The number of unemployed workers in the domestic automobile industry would rise. d. The demand for foreign-produced automobiles would increase, causing the price of automobiles to increase in other nations.