Average cost curves have the same shape as
a. total cost curves.
b. marginal cost curves.
c. total fixed cost curves.
d. average fixed cost curves.
b
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German luxury car exports were hurt in 2009 as a result of the recession. How would this decrease in exports have affected Germany's aggregate demand curve?
A) The aggregate demand curve would have shifted to the right. B) The aggregate demand curve would have shifted to the left. C) The aggregate demand curve would not have shifted, but there would have been a movement down the aggregate demand curve. D) The aggregate demand curve would not have shifted, but there would have been a movement up the aggregate demand curve.
Firms can protect information in the form of inventions and other industrial know-how under which two types of laws?
A) patents and trade secrets B) trade secrets and copyrights C) trade secrets and trademarks D) patents and copyrights
The higher the transaction cost of an exchange, the lower the probability of the exchange taking place between the buyer and the seller
Indicate whether the statement is true or false
The long-run supply curve is upward sloping in a(n)
a. decreasing-cost industry b. increasing-cost industry c. constant-cost industry d. labor-intensive industry e. capital-intensive industry