If the $/peso exchange rate falls, then so does the value of the peso.
Answer the following statement true (T) or false (F)
True
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The advantage of imposing a tax on the producer that generates pollution is that
A) it will eliminate pollution. B) the government can keep tabs on exactly what is produced in an industry. C) a producer can pass the cost of pollution to the victims of the pollution. D) it forces the polluting producer to internalize the external cost of the pollution.
All of the following are sources of loanable funds EXCEPT
A) business investment. B) private saving. C) government budget surplus. D) international borrowing.
What does a firm's LRAC curve show? How is it related to the firm's short-run ATC curves?
What will be an ideal response?
Which of the following statements concerning the long-run average cost (LRAC) curve is correct?
A) The LRAC curve represents the least-cost input combination of inputs for producing each level of output. B) The LRAC curve is derived from a series of short-run marginal cost curves. C) The short-run cost curve at the minimum point of the LRAC curve represents the least-cost plant size for all levels of output. D) As output increases, the amount of capital employed by the firm is held constant along the LRAC curve.