Which average cost curves are U-shaped?
What will be an ideal response?
Both the average total cost and the average variable cost curves are U-shaped. The only average cost curve that is not U-shaped is the average fixed cost curve.
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Suppose that a "small country" experiences growth strongly biased toward its export, cloth
A) this will have no effect on terms of trade for the country's trading partner. B) this will tend to worsen the country's terms of trade. C) this will tend to improve the country's terms of trade. D) this will tend to worsen terms of trade for the country's trading partner. E) this will tend to improve terms of trade for the country's trading partner.
How does the use of adjustable-rate mortgages affect interest-rate risk?
A) It reduces the interest-rate risk of lenders. B) It reduces the interest-rte risk of borrowers. C) It reduces the interest-rate risk of both lenders and borrowers. D) It increases the interest-rate risk of both lenders and borrowers.
Under the National Banking Acts of 1863 and 1864, the U.S. monetary system
(a) experienced drastic changes. (b) played a role in helping the Union finance the Civil War. (c) permitted, for the first time, the federal government to charter banks. (d) protected the rights of states to be the only entities to charter banks.
One of the best examples of managed competition in practice is:
a. health maintenance organizations (HMO). b. consumer-directed health plans (CDHP). c. accountable care organizations (ACO). d. the Federal Employee Health Benefit Plan (FEHBP). e. preferred provider organizations (PPO).