Which of the following happens in the market for loanable funds when there is capital flight?
a. the demand curve shifts right.
b. the demand curve shifts left.
c. the supply curve shifts right.
d. the supply curve shifts left.
a
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If Eddie can produce 40 milk shakes or 20 banana splits in an hour, and Tina can produce 30 milk shakes or 16 banana splits in an hour, then Tina has a comparative advantage in producing milk shakes
Indicate whether the statement is true or false
The Herfindahl-Hirschman Index measures market concentration in an industry by summing the square of the percentage market shares for
A) the 4 largest firms. B) the 50 smallest firms. C) the 4 smallest firms. D) the 50 largest firms. E) all firms in the market.
The government sets price ceilings when society believes that the market price for a particular good or service is too high
a. True b. False Indicate whether the statement is true or false
The firm's break-even point occurs at an output of
A. 40.
B. 45.
C. 50.
D. 55.