Critics of inflation targeting will argue that central banks need flexibility
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The change in the total gain to a nation from international trade is the: a. producer surplus
b. consumer surplus. c. excess of producer surplus over consumer surplus. d. sum of consumer and producer surpluses.
Economics
A competitive firm is producing 1,000 units of output with average total cost equal to $35 and marginal cost equal to $40 . Can the market in which this firm operates be in a long-run equilibrium? Briefly explain
Economics
A period of decline in total output, income employment, and trade, lasting six months or longer, is defined as a:
a. Secular trend b. Business cycle c. Trough d. Recession
Economics
List four examples of oligopolies in the United States.
What will be an ideal response?
Economics