The cost of complying with regulation
A. shifts the demand curve to the right.
B. increases the products' price elasticity of demand.
C. shifts the ATC curve upward.
D. shifts the MC curve downward.
Answer: C
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In general, the accounting of trade in goods and capital is known as the:
A. balance of trade. B. net capital outflow. C. balance of payments. D. trade surplus.
If a firm buys a building so as to have office space for its workers, the monthly opportunity cost of the building is best measured as
A) the monthly mortgage payment the firm must pay. B) the price the firm paid divided by twelve. C) zero. D) the rent the firm could earn if it rented the building to another firm.
A country seeking to maintain internal balance would be concerned
A) only with attaining low levels of unemployment. B) primarily with ensuring that saving is weighted more towards domestic investment than the current account. C) with large fluctuations in output or prices. D) with maintaining an adequate stock of gold reserves. E) with stabilizing employment levels globally.
How is a monopolistically competitive industry like perfect competition? How is it like monopoly?
What will be an ideal response?