The funds that nation's have on account at the International Monetary Fund is measured in
A) U.S. dollars.
B) the currency of the nation that has deposited the funds.
C) a quota subscription.
D) an international unit of accounting called special drawing rights.
D
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A firm in a monopolistically competitive market determines the profit-maximizing output at which
A) MR = P. B) MR = ATC. C) MR = AVC. D) MR = MC.
The school that places primary emphasis on shifting the aggregate supply curve to achieve greater stabilization and economic growth is
a. classical economics b. neo-Keynesian economics c. supply-side economics d. Keynesian economics e. monetarist economics
Refer to the accompanying figure. Assume the slopes of the two demand curves are the same. Let eA denote the price elasticity of demand at point A, and let eB denote the price elasticity of demand at point B.
Which of the following statements is correct?
A. eA = eB B. eA < eB C. eA ÷ eB < 0 D. eA > eB
A perfectly competitive firm definitely will shut down in the short run if its price is below its average total cost
Indicate whether the statement is true or false