In the figure above, which of the following represents a real flow?
A) Expenditures on real estate services
B) Profit
C) Capital
D) Wages
E) Both B and D
C
Economics
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What is the main problem with rules of origin?
What will be an ideal response?
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Government actions that create monopolies
A) spur product innovation by the monopoly. B) create deadweight loss. C) result in lower average costs of production. D) ensure that firms price at marginal cost.
Economics
The long-run supply curve for a competitive constant-cost industry is:
a. horizontal. b. vertical. c. upward-sloping. d. downward-sloping.
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The natural rate of unemployment corresponds to what is sometimes called the full employment unemployment rate
a. True b. False Indicate whether the statement is true or false
Economics