In the short run, a firm will eventually experience rising average total costs because of
a. economies of scale.
b. diseconomies of scale.
c. the law of supply.
d. the law of diminishing returns.
D
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What effect did the Iraqi invasion of Kuwait have on the U.S. economy?
a. A rightward shift of the aggregate demand curve b. It had no effect c. A downward shift of the aggregate supply curve d. A leftward shift of the aggregate demand curve e. An upward shift of the aggregate supply curve
The government can break up monopolies under federal antitrust legislation.
Answer the following statement true (T) or false (F)
Why can’t indifference curves intersect?
Please provide the best answer for the statement.
Policy makers can select from a number of different exchange rate regimes and exchange rate policies. Which of the following policies would most likely represent a hard peg?
A) a revaluation B) a devaluation C) a flexible exchange rate regime D) a dollarization