When foreign residents buy U.S. Treasury securities to finance the budget deficit
A) we can also anticipate a decrease in the trade deficit.
B) the trade deficit will not be affected.
C) we can also anticipate an increase in the trade deficit.
D) the public debt will be reduced.
C
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Use the following figure to answer the question below.
Point A in the figure above is
A. not attainable. B. attainable and efficient. C. efficient. D. attainable but not efficient.
Marginal revenue is defined as
A. the change in total revenue from a unit change in price. B. the change in average revenue from a one-unit change in output. C. the change in total revenue from a one-unit change in output. D. the change total cost from a one-unit change in output.
Some companies merge in order to lower costs through efficient joint production
a. True b. False Indicate whether the statement is true or false
Two elements that characterize oligopolistic markets are ______ and ______.
a. low concentration ratios; low barriers to entry b. mutual interdependence; strategizing c. perfect competition; strategizing d. many small firms; game theory