A nation's account with the IMF is called its
A. capital account.
B. current account.
C. deposit surplus.
D. quota subscription.
Answer: D
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Monopolistically competitive firms increasing their advertising will definitely achieve which of the following?
A) shift their average total cost curve up B) shift their demand curve to the right C) increase their economic profit D) shift their demand curve to the right and shift their average total cost curve up
When people become unemployed because of a higher minimum wage, this type of unemployment is called
a. frictional. b. structural. c. cyclical. d. abnormal.
The more firms there are in an oligopoly in which the strategic firm variable is quantity, the more price converges to marginal cost.
Answer the following statement true (T) or false (F)
In the short-run, a firm's supply curve is equal to the
a. marginal cost curve above its average variable cost curve. b. marginal cost curve above its average total cost curve. c. average variable cost curve above its marginal cost curve. d. average total cost curve above its marginal cost curve.