European communism collapsed during the years
A. 1974-1976.
B. 1979-1981.
C. 1984-1986.
D. 1989-1991.
D. 1989-1991.
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How are the nominal and real demands for money related to changes in the price level?
What will be an ideal response?
In order to maximize profits
A) the derivative of total revenue with respect to quantity must be less than the derivative of total cost with respect to quantity. B) the derivative of total revenue with respect to quantity must be greater than the derivative of total cost with respect to quantity. C) the derivative of total revenue with respect to quantity must equal the derivative of total cost with respect to quantity. D) none of these choices.
The ________ balance includes purchases and sales of financial assets to and from citizens and companies of other countries.
A. capital account B. investment account C. current account D. none of these
Suppose the U.S. Food and Drug Administration restricts the amount of prescription opiates produced and sold in the U.S. market. What is the likely effect on the market for drugs used to control chronic pain in the United States?
a. The policy will result in fewer individuals overdosing from heroin. b. The price of heroin (an illegal opiate) and its quantity imported will both decrease. c. The price of prescription opiates will increase and the quantity consumed decrease. d. Marijuana prices, a cocaine substitute grown domestically, will fall. e. Demand for drugs is highly elastic, and these policies have little or no effect on consumption.