In the short-run under perfect competition, which of the following is always true?
a. Economic profit earned by firms can be negative, zero, or positive.
b. Economic profit earned by firms is always zero.
c. Economic profit earned by firms can be zero or positive, but not negative.
d. Economic profit earned by firms is positive, but not zero or negative.
a
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During periods of deflation, the real interest rate will be lower than the nominal interest rate
a. True b. False Indicate whether the statement is true or false
Tie-in sales:
A. are legal under the Clayton Act. B. are the same as predatory pricing. C. were banned under the Hart-Scott-Rodino Act. D. are contracts that prevent purchasing one good without purchasing another.
Refer to the information provided in Table 22.6 below to answer the question(s) that follow.
Table 22.6
Refer to Table 22.6. If 2014 is the base year, the inflation rate between 2014 and 2016 is
A. 40.2%. B. 28.7%. C. 25.1%. D. 17.4%.
Since 1960, high school graduation rates have
A. decreased across the board. B. increased across the board but proportionally more for African Americans. C. increased for African Americans and Hispanics but not for whites. D. increased for whites but not for Hispanics and African Americans.