Firms will continue to enter a perfectly competitive industry until
a. the supply curve is vertical.
b. the supply curve is meaningless.
c. any excess returns have been competed away.
d. all resources are fully employed.
c
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Employment protection laws make it harder for employees to lose their jobs and as a result, these laws reduce structural unemployment
Indicate whether the statement is true or false
Which of the following causes the aggregate supply curve to rise?
a. An increase in a nation's level of productivity. b. A decrease in input prices. c. An increase in the value of the domestic currency. d. All of these answers are correct.
What percentage of businesses are sole proprietorships?
What will be an ideal response?
If the U.S. dollar depreciates relative to the euro, then:
A. American goods will be more expensive for Germans B. German goods will be less expensive for Americans C. The euro will appreciate relative to the dollar D. The euro will depreciate relative to the dollar