Currency devaluations help suppliers because they make exports ________ expensive

a. Less
b. More
c. All of the above
d. None of the above


a

Economics

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What will be an ideal response?

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Why is private ownership an important source of economic prosperity?

What will be an ideal response?

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Diminishing marginal product describes the situation where ______.

a. the minimum change in output per hour has been reached b. as a variable input increases, additions to output decline c. average cost savings per unit of output per hour are zero d. the marginal product curve crosses below zero

Economics

A perfectly elastic supply curve is expressed graphically as a(n):

A. downward sloping line or curve. B. upward sloping line or curve. C. vertical line. D. horizontal line.

Economics