When accounting profits are negative, economic profits could be:
A. positive.
B. negative.
C. zero.
D. All of these are possible.
B. negative.
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What are the key steps for analyzing Demand functions based on Regression results?
What will be an ideal response?
The money demand curve slopes: a. downward because the cost of holding money decreases as the interest rate decreases
b. downward because the cost of holding money increases as the interest rate decreases. c. upward because people demand more money as real GDP increases. d. upward because people demand more money as real GDP decreases. e. downward because people demand more money as the price level decreases.
If the current account and capital account are both in surplus, the official reserve account does not have to be in deficit
a. True b. False Indicate whether the statement is true or false
Which of the following would increase the amount of an inferior good that buyers would like to purchase?
a. an increase in buyers' incomes b. an increase in the price of a complement c. a decrease in the price of a substitute d. a decrease in buyers' incomes e. a decrease in its expected future price