International trade between two countries
A) benefits only the receiving country.
B) benefits only the sending country.
C) benefits both countries.
D) benefits neither country.
C
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To maximize its profit, a perfectly competitive firm produces so that ________ and a single-price monopoly produces so that ________
A) MR = MC; MR > MC B) MR > MC; MR = MC C) MR = MC; MR = MC D) MR > MC; MR > MC E) P = ATC; P = ATC
The reserve ratio of the Second Bank of the United States was ___________ the reserve ratio of most state banks
a. larger than b. smaller than c. about equal to d. dependent upon
When faced with an economic loss, a competitive firm will shut down its operations in the short run
a. True b. False Indicate whether the statement is true or false
Given that the velocity of money can be unstable in the short run, is this reason enough to dismiss money growth as a policy target? Explain.
What will be an ideal response?