Refer to the above figure. Which point or points represent(s) a short-run equilibrium?
A. A only
B. B only
C. C only
D. both A and B
Answer: C
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Which of the following takes place in the direct finance market?
A) Savers make funds available to borrowers by making deposits to savings accounts. B) Borrowers take out loans from banks. C) Loans to corporations are made from the sale of corporate bonds. D) Firms borrow funds from their retained earnings.
Although firms earn zero profits in the long run, why is the outcome from monopolistic competition considered to be inefficient?
A) Price exceeds marginal cost. B) Quantity is lower than the perfectly competitive outcome. C) Goods are not identical. D) A and B are correct. E) B and C are correct.
Every month, the Bureau of Labor Statistics surveys 160,000 business establishments to help determine the number of jobs the economy has gained or lost
a. True b. False Indicate whether the statement is true or false
In general, which of the following would libertarians argue is more important than equal outcomes?
a. equal opportunities b. equal incomes c. providing a social safety net d. offering the opportunity to purchase social insurance