Autarky is the situation of national self-sufficiency, in which there is no economic interaction with foreign producers or consumers
Indicate whether the statement is true or false
true
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Marginal profit is positive at all positive output levels.
Answer the following statement true (T) or false (F)
The slope of a horizontal line is
a. infinitely large b. zero c. positive d. negative e. infinitely small
Market failure occurs when: a. the stock markets tumble due to heavy selling
b. the market economy fails to allocate resources efficiently. c. demand shows signs of slowing down. d. a country cannot produce a particular good or service at a lower opportunity cost than other countries.
Which of the following types of economic regulation is most likely to encourage firms to inflate their costs?
A) price cap regulation B) rate of return regulation C) cartel regulation D) earnings sharing and price cap regulation