If a profit-maximizing firm in a perfectly competitive market is currently producing the output where (price - average variable cost) < average fixed cost, the firm is:
A. making a positive economic profit.
B. making a zero economic profit.
C. suffering an economic loss.
D. None of these
Answer: C
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A. 1929. B. 1973. C. 2007 D. 1980.
What role can the Fed play in the foreign exchange market?
What will be an ideal response?
The Gini coefficient is calculated by measuring the area between:
A. the Lorenz curve and the x-axis. B. the Lorenz curve and the y-axis. C. the line of perfect equality and the Lorenz curve. D. the line of perfect inequality and the Lorenz curve.
Which of the following can sometimes be referred to as "hot money"?
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