Increased productivity in the agricultural sector has __________ the output and __________ the prices of agricultural goods
A) increased; reduced
B) increased; increased
C) decreased; reduced
D) decreased; increased
E) had no impact on; had no impact on
A
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In terms of accepting deposits and making loans, explain the differences between commercial banks and a central bank
What will be an ideal response?
The short-run equilibrium position for a firm in monopolistic competition is the point at which the firm's marginal-cost curve intersects its marginal-revenue curve from above
a. True b. False Indicate whether the statement is true or false
Each of the following took place in the 1930s EXCEPT
A. the collapse of the entire international financial structure. B. a drought that became known as the Dust Bowl wiped out millions of farmers. C. all of the nation's banks were closed in the first week of March 1933. D. the fulfillment of the promise: "two cars in every garage" and "a chicken in every pot".
Refer to the above figure for the individual firm in a perfectly competitive market. If the firm's average costs are given by AC3, then
A. the industry supply curve will shift rightward. B. the industry demand curve will shift rightward. C. the industry supply curve will shift leftward. D. none of these.