A profit-maximizing perfect competitor will ___________ operate at that output at which MC = MR.
A. always
B. usually
C. sometimes
D. rarely
A. always
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Suppose the current account has a value of $500,000 and the financial account has a value of $525,000. The value of the capital account is ________.
A. $25,000 B. -$1,025,000 C. $1,025,000 D. -$25,000
A quintile is a group that contains
A) exactly 5 people. B) exactly one-fifth of the population. C) five identical siblings. D) five musicians or singers.
Which of the following is a macroeconomics question?
A) What factors determine the price of carrots? B) What determines the production of DVDs? C) What determines the inflation rate? D) What determines the wage of auto workers?
An increase in the money supply, other things equal, shifts the ________ curve to the ________
A) IS; right B) IS; left C) LM; left D) LM; right