An efficient price is a price set at:
A) marginal cost.
B) opportunity cost.
C) average fixed cost.
D) average variable cost.
A
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The primary source of funds for the World Bank is
A) the world's wealthiest countries. B) the New York Stock Exchange. C) private financial markets. D) quota subscriptions.
If the Fed increases the inflation rate in the short run before people's expected inflation changes, what occurs? What happens in the long run?
What will be an ideal response?
The ultimate goal is ____________ which is a form of growth wherein societal needs, present and future, are met
a. Sustainable development b. Carbon footprint c. Ecological footprint d. Planned land use development
The long-run industry supply curve in perfect competition is derived from the
A. short-run industry supply curve which shifts as new firms enter the industry. B. short-run industry supply curve which shifts as old firms exit the industry. C. freedom of firms from sunk costs so that new cost curves become long-run curves. D. All of the reasons listed.