Within a monopolistically competitive industry
A) firms can freely enter and exit and economic profits are zero in the long run.
B) firms can freely enter and exit and economic profits are greater than zero in the long run.
C) there are some barriers to entry and exit and economic profits are zero in the long run.
D) there are some barriers to entry and exit and economic profits are greater than zero in the long run.
A
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Use the following graph to answer the next question.
Which line in the graph would best illustrate the supply of money curve?
A. Line 4 B. Line 3 C. Line 2 D. Line 1
The above table gives techniques Jitters Coffee Company can use to package 5,000 pounds of coffee. Which technique(s) is (are) technologically inefficient?
A) A B) C C) B and C D) B, C, and D
Foreign portfolio investment in the United States has continually declined since 1995
Indicate whether the statement is true or false
Real GDP is nominal GDP adjusted for
a. price changes b. intermediate goods c. business cycle fluctuations d. international trade e. depreciation