The long-run aggregate supply curve is determined by all of the following EXCEPT
A) aggregate demand.
B) endowments.
C) technology.
D) the amount of resources that exist in the economy.
A
Economics
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The table above shows some of the costs for a perfectly competitive firm. If the price is $160 per unit, how many units of output will the firm produce?
A) 8 B) 9 C) 10 D) more than 10
Economics
Refer to the above table. For which prices is demand unit-elastic?
A. in a range of prices below $6.50 B. in a range of prices between $5 and $10 C. in a range of prices between $6 and $6.50 D. in a range of prices above $6.50
Economics
The United States became a debtor nation in
A. 1975. B. 1982. C. 1985. D. 1990.
Economics
The most basic concept in economics is
A) wealth. B) income. C) scarcity. D) spending.
Economics