An industry is in ________ if firms have no incentive to enter or exit in the ________ run.
A. disequilibrium; long
B. disequilibrium; short
C. equilibrium; long
D. equilibrium; short
Answer: C
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Hong Kong has imports of $1,130 billion and exports of $1,255 billion. Hong Kong definitely has ________
A) negative net exports of $125 billion B) positive net exports of $125 billion C) a government budget surplus D) Both answers B and C are correct.
Hugo consumes a certain combination of pizzas and cola. However, he can afford more of cola, given his budget constraint. Graphically, this would imply that his choice lies: a. on the budget constraint
b. within the budget constraint. c. outside the budget constraint. d. on one of the axes.
In 2011, the imaginary nation of Maconia had a population of 8,200 and real GDP of 210,500 . Maconia had 5% growth in real GDP per person. In 2012 it had a population of 8,400 . To the nearest dollar what was real GDP in Maconia in 2012?
a. 216,815 b. 221,025 c. 226,416 d. None of the above is correct.
A monthly budget can help you achieve financial security by
What will be an ideal response?