Refer to the information provided in Figure 9.7 below to answer the question(s) that follow.
Figure 9.7 Refer to Figure 9.7. The type of industry depicted in this situation is
A. an increasing-cost industry.
B. a constant-cost industry.
C. a decreasing-cost industry.
D. impossible to determine from this information.
Answer: A
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Which of the following can people not get at their commercial banks?
A. certificates of deposit B. money market deposit accounts C. money market mutual funds D. time deposits
Marginal benefit and marginal cost must _______ to avoid a deadweight loss.
A. equal B. never equal C. decrease at an increasing rate D. increase at an increasing rate
The real interest rate is the
A) nominal interest rate plus the anticipated interest rate. B) nominal interest rate minus the anticipated interest rate. C) nominal interest rate plus the anticipated inflation rate. D) nominal interest rate minus the anticipated inflation rate.
The EEC currently includes all of the following countries except
a. Greece b. Britain c. Iceland d. Russia e. Belgium