Which of the following would not occur as a result of a monopolistically competitive firm suffering a short-run economic loss?
A) If the firm does not exit the industry in the long run its demand curve will shift to the right.
B) The firm could exit the industry in the long run.
C) If the firm remains in the industry in the long run it will break even.
D) If the firm does not exit the industry in the long run its demand curve will shift to the left.
D
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Government standards for products sold in the domestic market can have the effect of protecting domestic producers from foreign competition
a. True b. False Indicate whether the statement is true or false
Neoclassical economists believe that the government fosters economic growth by providing a stable economic environment with a low rate of ____________ and tax rates that are low and unchanging.
a. importing b. growth c. unemployment d. inflation
The minimally adequate living standard for a U.S. family of four is known as the
A. U.S. poverty threshold. B. Global poverty standard. C. United Nations Poverty Goal. D. Millennium Poverty Goal.
If cyclical unemployment is 4%, the overall unemployment rate
A. is 4%. B. is more than 4%. C. is 9%. D. is more than 9%.