At a price above the breakeven point of a perfectly competitive firm, the firm will suffer losses in the short run
a. True
b. False
Indicate whether the statement is true or false
False
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The total amount of debt owed by the federal government is represented by the total value of the outstanding
A. U.S. government securities. B. bank loans and deposits. C. Federal Reserve notes. D. stocks and bonds.
Which of the following statements is false?
A) The difference between average total cost and average fixed cost is average variable cost. B) The marginal cost curve intersects the average variable cost curve and the average total cost curve at their minimum points. C) Firms often refer to the process of lowering average fixed cost as "spreading the overhead." D) When marginal cost equals average total cost, average total cost is at its highest value.
The United States finances current account deficits largely with dollars and, as a result, faces almost no constraint on its ability to run deficits
Indicate whether the statement is true or false
Domestic currency appreciation? will:
A) help domestic firms that export and hurt domestic firms that import.
B) hurt domestic firms that import.
C) hurt domestic firms that export and help domestic firms that import.
D) help domestic firms that export.