In the economic way of thinking, a wetland is a scarce good. Thus,
A) there is a substitute for a wetland.
B) there is no substitute for a wetland.
C) wetlands should be preserved at any cost.
D) wetlands can be preserved at no cost.
E) economists don't like wetlands.
A
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Long-run equilibrium under monopolistic competition requires that
A. the demand curve intersects the average cost curve. B. the demand curve be tangent to the average cost curve. C. price be equal to marginal cost. D. quantity produced be at the point where average cost is at a minimum.
From 1991-2000 . U.S. net capital outflow as a percent of GDP became a
a. larger positive number. b. smaller positive number. c. larger negative number. d. smaller negative number.
If imports exceed exports it would be called a trade __________.
Fill in the blank(s) with the appropriate word(s).
For an industry in which average costs continue to decline as output rises, what would you expect the minimum efficient scale to be? Explain your answer
What will be an ideal response?