For a perfectly competitive? firm, the? firm-specific demand curve is ___________
Fill in the blank(s) with the appropriate word(s)
Answer: Horizontal
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The Federal Reserves responses to the financial crisis that began in 2007 include:
a. cautious cuts in the Federal funds rate. b. large expansions of credit. c. underwriting lending in many markets. d. All of the above are correct. e. Only b and c are correct.
National health insurance programs:
A. can increase use of health clinics versus traditional village doctors, who often have no training. B. are starting to be implemented in poorer areas like Ghana to increase access to health care. C. still face challenges in some areas to provide good, high quality care. D. All of these statements are true.
The figure above shows the demand and cost conditions for a firm with two plants. In order to maximize profit, how many units of output should the firm produce?
A. 10 B. 20 C. 30 D. 40 E. 50
Because immigration raises the marginal products and the return to nonlabor factors of production, in the short run owners of nonlabor resources often support:
a. open borders. b. tighter restrictions on immigration. c. controls on the flow of foreign direct investment (FDI). d. immigration of persons only for humanitarian reasons.