What kind of economic activity, involving the purchase of stocks rather than physical assets, has skyrocketed in the global market?
a. portfolio investment
b. floating exchange rate
c. agricultural exportation
d. competitive devaluation
a. portfolio investment
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In the above figure, the intersection of curves A and B is the point at which
A) average total cost is minimized. B) average variable cost is minimized. C) average fixed cost is minimized. D) total product is maximized.
When the average price level falls, interest rates fall, which increases the consumption of certain goods and services. This sequence of events describes the _______ _______ _______.
Fill in the blank(s) with the appropriate word(s).
Monopolistically competitive firms can earn large profits in the long run
a. True b. False Indicate whether the statement is true or false
In macroeconomic analysis, a transfer payment is considered a
a. positive tax. b. fixed tax. c. negative tax. d. variable tax.