In the long run the monopolistic competitor _______ an economic profit and the perfect competitor ________ an economic profit.
A. makes; makes
B. makes; does not make
C. does not make; does not make
D. does not make; makes
C. does not make; does not make
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The presidents most closely associated with the Great Depression were __________ and ____________.
Fill in the blank(s) with the appropriate word(s).
Suppose that the U.S. government acquires more foreign currency. This change is entered into which of the balance of payments accounts?
A) current account B) capital and financial account C) official settlements account D) reserves account E) trade account
Consider demand curve D in Figure 5-2. Between points F and G, the price elasticity of demand is
Figure 5-2
a.
1
b.
0.5
c.
2
d.
0.2
e.
none of these
Which of the following constitutes the largest component of the world's international reserve assets?
A. Special drawing rights B. International Monetary Fund reserve positions C. Gold D. Financial assets denominated in foreign currencies