In long-run equilibrium, a perfectly competitive firm's short-run marginal cost curve crosses the long-run average cost curve at the lowest point on the long-run average cost curve
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is considered government spending on security?
a. Social Security payments to retired police officers b. Social Security payments to disabled firefighters c. public assistance for the poor d. wage payments to astronauts e. wage payments to prison guards
The proposed GHG controls on stationary sources in the United States
a. recommends the use of permits with no emissions standards b. involve subsidies for the development of new abatement technologies c. include permitting requirements and emissions standards d. recommend significant monetary penalties on power plants releasing GHGs
The key determinant of net capital outflow is the real interest rate
a. True b. False Indicate whether the statement is true or false
Research shows that when exchange rates are more volatile, the price differentials are ____ and the convergence is _____.
A) smaller; faster B) smaller; slower C) larger; slower D) larger; faster