The government policy dictating that all foreign exchange proceeds must be turned over to the country's monetary authority is referred to as capital controls.
Answer the following statement true (T) or false (F)
False
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Economic profit equals accounting profit minus
A) explicit costs. B) implicit costs. C) fixed costs. D) variable costs.
The official unemployment rate is:
a. the number of unemployed people divided by the number of employed people. b. the number of unemployed people divided by the total size of the population. c. the number of unemployed people divided by the size of the non-institutionalized population. d. the number of unemployed people divided by the size of the labor force. e. the number of unemployed people divided by the number of people aged 16 or under.
About 1 out of every _______ Americans is poor.
A. 3 B. 4 C. 6 D. 8
The downward-sloping demand curve of a monopolistic competitor:
A. reflects product differentiation. B. ensures that the firm will produce at minimum average cost in the long run. C. indicates collusion among the members of the product group. D. becomes horizontal in the long run.