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
The most basic concept in economics is
A) wealth. B) income. C) scarcity. D) spending.
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