Every country in the world has an independent central bank.
Answer the following statement true (T) or false (F)
False
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As exit from a perfectly competitive industry that is currently unprofitable pushes up the market price, producers will move from a situation where price ____ average total cost to one where price ____ average total cost. a. exceeds; equals
b. is less than; equals. c. equals; is less than. d. equals; exceeds.
In terms of purchasing power parity, the nation with the highest per capita GDP is
a. Japan. b. Norway. c. Switzerland. d. the United States.
If we choose more work we sacrifice leisure
a. True b. False Indicate whether the statement is true or false
Refer to the above figure. Suppose that the supply curve shifts from SA to SB while the demand curve shifts from DA to DB. Which of the following is TRUE about the results of the shifts in the supply and demand curves?
A. Both the equilibrium price and equilibrium quantity remain unchanged. B. Both the equilibrium price and equilibrium quantity increase. C. The equilibrium price remains unchanged while the equilibrium quantity increases. D. The equilibrium price increases while the equilibrium quantity remains unchanged.