Which of the following statements best describes the figure shown?
A. Potential output is constrained by globalization.
B. The economy is operating below potential because of globalization.
C. Domestic aggregate supply is less than domestic aggregate demand.
D. The world price level equals the domestic price level.
Answer: D
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In the United States, doctors and hospitals that provide most health care are
A) 100 percent employed by the government. B) primarily private firms. C) split evenly between private firms and employed by the government. D) primarily employed by the government.
Which of the following is the term that defines the relationship between price and quantity supplied?
a. negative b. law of demand c. ceteris paribus d. equilibrium e. willingness to pay f. willingness to accept g. marginal benefit h. None of the above.
Why does the time value of the option tend to vary directly with the time to expiration?
What will be an ideal response?
When does a monopolistic competitor earn positive economic profits in the short run?
What will be an ideal response?