If Cuba’s population grows faster than its output, its per capita output will ______.
a. rise
b. fall
c. remain the same
d. rise then fall
b. fall
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To keep from running out of international reserves under the Bretton Woods system, a country had to implement ________ monetary policy to ________ its currency
A) expansionary; strengthen B) expansionary; weaken C) contractionary; strengthen D) contractionary; weaken
Microeconomics helps explain economic fluctuations, why the economy shrinks and expands and why some of the economy's resources are idle.
Answer the following statement true (T) or false (F)
In the television broadcasting industry, ________ is an end user and ________ is a platform.
A. an advertiser; a TV service provider B. a TV service provider; a TV maker C. an advertiser; a TV regulatory agency D. a TV maker; TV audience
A socially-optimal price regulation will NOT work if:
A) marginal cost is less than average total cost. B) marginal cost is less than average fixed cost. C) marginal cost is greater than average total cost. D) marginal cost is greater than average fixed cost.