When a country internationalizes its debt, it:
A. increases current consumption but reduces future consumption.
B. increases both current and future consumption.
C. reduces both current and future consumption.
D. reduces current consumption but increases future consumption.
Answer: A
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In the figure above, an increase in the quantity of oil supplied but NOT an increase in the supply of oil is shown by a movement from
A) point a to point e. B) point a to point b. C) point a to point c. D) point a to point d.
Using the table above, for which of the following levels of employment does the marginal product of labor exceed the average product of labor at Decent Donuts?
A) four workers B) seven workers C) both of the above D) neither of the above
How does a change in demand differ from a change in the quantity demanded? a. A change in demand can only be caused by a change in price, whereas a change in quantity demanded can be caused by anything other than a change in price
b. A change in quantity demanded is a shift of the demand curve, whereas a change in demand is a movement along the demand curve. c. A change in demand can only occur in the long run, whereas a change in quantity demanded is specifically short run. d. A change in demand is a shift of the demand curve, whereas a change in quantity demanded is a movement along the demand curve. e. A change in demand can only occur in the short run, whereas a change in quantity demanded is specifically long run.
Is it true that in the long run, a monopolistically competitive firm has market power but earns no profit? Explain
What will be an ideal response?