A price taking firm’s short-run supply curve is perfectly elastic at the market price.
Answer the following statement true (T) or false (F)
False
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Elimination of riskless profit opportunities in the futures market is
A) hedging. B) arbitrage. C) speculation. D) underwriting.
Which employer is discriminating based on personal preferences?
a. Jorge, who tries to interview candidates from a variety of backgrounds b. Ryder, who interviews only whites because her last two white hires were very productive c. François, who does not interview women because he does not want to be around them d. Bessie, who does not interview women because the last two she hired were unproductive
Starting from long-run equilibrium, a large decrease in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; lower; potential B. expansionary; higher; potential C. recessionary; lower; potential D. recessionary; lower; lower
National health insurance programs:
A. are usually too costly for developing nations to implement. B. can increase use of health clinics versus traditional village doctors, who often have no medical training. C. are always less efficient than privatized programs. D. have solved the problem of providing high-quality care in places like India.