A monopoly's supply curve is the portion of the firm's marginal cost curve that lies above the average variable cost curve.
Answer the following statement true (T) or false (F)
False
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Suppose a firm is making zero long run profit. Then it's short run profit cannot be negative.
Answer the following statement true (T) or false (F)
When you purchase a bond in the secondary market, you are lending money directly to the borrower
a. True b. False Indicate whether the statement is true or false
Which of the following is a reason for the change in labor union membership since the 1970s?
a. Workers have moved out of manufacturing and into the service sector. b. The government has increased regulation of heavily unionized industries. c. Global competition has fallen and led to more “home-grown” manufacturing. d. Newer models include project-based learning, maker spaces, and coworking.
Because immigration raises the marginal products and the return to nonlabor factors of production, in the short run owners of nonlabor resources often support:
a. open borders. b. tighter restrictions on immigration. c. controls on the flow of foreign direct investment (FDI). d. immigration of persons only for humanitarian reasons.