When the "real" GDP falls, the rate of unemployment generally
A) equals the natural rate. B) decreases.
C) increases. D) stays constant.
C
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Within a monopolistically competitive industry
A) firms can freely enter and exit and economic profits are zero in the long run. B) firms can freely enter and exit and economic profits are greater than zero in the long run. C) there are some barriers to entry and exit and economic profits are zero in the long run. D) there are some barriers to entry and exit and economic profits are greater than zero in the long run.
With the proposed TPP tariff changes on imported shoes, New Balance would be ________ by the change in prices on some of the imported shoes sold by other companies that compete with
New Balance's U.S.-produced shoes, and New Balance would be ________ because of the price it could now charge for the shoes it imports from TPP countries. A) hurt; hurt B) helped; helped C) hurt; helped D) helped; hurt
What is the relevance of the marginal productivity principle in explaining the use of inputs in production?
A firm will maximize the present value of future profits by maximizing current profits when the:
A. growth rate and interest rate are constant and equal. B. interest rate is larger than the growth rate in profits and both are constant. C. growth rate in profits is larger than the interest rate. D. growth rate in profits is constant.