The export supply and import demand curves measure the domestic shortage and surplus, respectively, at different world prices
a. True
b. False
Indicate whether the statement is true or false
False
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With a monopoly, the consumer’s surplus is lower than it would be with a perfectly competitive industry.
Answer the following statement true (T) or false (F)
Exhibit 7-13 Price and cost per unit curves
?
In Exhibit 7-13, if the price is P3, the firm will
A. produce Q3 and earn an economic profit. B. produce Q3 and incur a loss in the short run. C. produce Q3 and earn zero economic profit. D. decide not to produce any output to minimize the loss.
Suppose the growth rate of the firm's profit is 7 percent, the interest rate is 10 percent, and the current profits of the firm are $120 million. What is the value of the firm?
A. $44 million B. $6,800 million C. $4,280 million D. $4,400 million
Banks can hold required reserves either as cash or as deposits at the Fed.
Answer the following statement true (T) or false (F)