Between 2006 and 2009, our current account deficit.
A. increased
B. decreased
C. stayed the same.
B. decreased
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What is a firm's fundamental goal and what happens if the firm doesn't pursue this goal?
What will be an ideal response?
During the Great Depression of 1929–1933,
a. the Fed allowed the money supply to contract substantially. b. the Fed increased the money supply sharply. c. Congress cut tax rates sharply. d. Congress cut tariffs substantially.
A profit-maximizing firm will shut down in the short run when
a. price is less than average variable cost. b. price is less than average total cost. c. average revenue is greater than marginal cost. d. average revenue is greater than average fixed cost.
Recall the Application about the 1998 merger between Pennzoil and Quaker State to answer the following question(s). The merger resulted in a company with a market share of 38 percent: 29 percent from Pennzoil and 9 percent from Quaker State.Recall the Application. A recent study concluded that following the merger between Pennzoil and Quaker State, the market share of Pennzoil products ________ and the market share of Quaker State products ________.
A. increased; increased B. increased; decreased C. increased; did not change D. did not change; increased