There no tendency for firms to either enter or leave the market ______.
a. at positive economic profits
b. at zero economic profits
c. at growing economic profits
d. at economic losses
b. at zero economic profits
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The rate of growth in real GDP minus the rate of growth of the population is the
A) rate of growth of nominal GDP. B) population growth rate. C) rate of growth of per capita real GDP. D) unemployment rate.
What is meant by the statement that investment projects are irreversible? How does the idea that investment projects are irreversible affect the volatility of investment in capital goods?
What will be an ideal response?
The United States can benefit from voluntary trade a. only with nations that can produce goods the United States cannot produce. b. only with developing nations
c. only with nations in Europe. d. with any nation.
Why does the U.S. government most likely distribute military spending to bases across the country?
a. To encourage support of defense spending b. To limit the power of defense contractors c. To meet the demands of special interest groups d. To ensure that defense budgets are adequate