The entry of an additional firm into a market decreases the profit per unit of output because entry decreases the price.
Answer the following statement true (T) or false (F)
True
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What are the key differences between how we illustrate an expansionary fiscal policy in the basic aggregate demand and aggregate supply model and in the dynamic aggregate demand and aggregate supply model?
What will be an ideal response?
Refer to Table 4.2. If you choose to invest in Japanese bonds, your investment return from Scenario D will be
A) 1%. B) 3%. C) 7%. D) 13%.
If Larry has budget constraint B in the graph shown, what is his opportunity cost of one gallon of milk?
This graph shows three different budget constraints: A, B, and C.
A. It is 6 cases of soda.
B. It is exactly one case of soda.
C. It is less than one case of soda.
D. It is more than one case of soda.
Which country was a particularly important trading partner in the early history of the United States?
a. Mexico b. China c. Germany d. Great Britain