An industrially advanced country (IAC) is defined as a country with a GDP per capita among the top ____ countries in the world
a. 5 b. 10
c. 20 d. 27
d
Economics
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If marginal costs increase, a monopolist will:
a. decrease price and increase output. b. decrease both price and output. c. increase price and decrease output. d. increase both price and output. e. keep both price and output at the same level.
Economics
A nation's foreign exchange reserves consist mainly of
A. currencies of other nations. B. the legal currency of that nation. C. excess reserves held by its banks. D. government securities of that nation.
Economics
Describe two reasons why businesses hesitate to change prices
What will be an ideal response?
Economics
Traditional treatments of macroeconomic expectations are not consistent with the assumptions of
A. microeconomics. B. Keynesian policy. C. fiscal policy. D. all of the above
Economics