If a monopoly earns a loss in the short run and market conditions do not change, then it should exit the industry in the long run.
Answer the following statement true (T) or false (F)
True
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As a result of advances in technology, cellular telephones have become cheaper to produce. Illustrate the effect of this change on the market for cellular telephones
What will be an ideal response?
If firms are uncertain about future returns and delay business investments,
A) the supply of loanable funds will shift rightward. B) the supply of loanable funds will shift leftward. C) the demand for loanable funds will shift rightward. D) the demand for loanable funds will shift leftward.
Environmental problems occur exclusively in capitalist economies.
Answer the following statement true (T) or false (F)
Which of the following statements explains the situation when the United States consistently has a large current account deficit over time?
a. The United States exports a larger amount of goods and services than it imports. b. The United States sends more capital abroad than it receives from abroad. c. The United States receives more transfers from abroad than it sends abroad. d. The United States sells more assets to foreigners than it purchases from foreigners.