An increase in the money supply will appreciate a country's currency
Indicate whether the statement is true or false
FALSE
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If the market was a monopoly, the quantity would be ________ and the price would be ________; if the market tis perfectly competitive, the quantity would be ________ and the price would be ________
A) Q1; P1; Q2; P2 B) Q2; P1; Q1; P2 C) Q1; P1; Q2; P1 D) Q1; P2; Q2; P1 E) Q1; P2; Q1; P1
When the cost of producing a unit of a good decreases as its output rate increases, there are economies of
A) scale. B) scope. C) production. D) size.
In Belgium, Norway, and Sweden, the percentage of workers who belong to unions is
a. almost zero. b. less than it is in the United States. c. about the same as it is in the United States. d. greater than it is in the United States.
In Figure 6.6 if price is P1, then the industry will:
A. expand. B. contract. C. stay the same size. D. merge.