In the figure, curves 1, 2, 3, and 4 represent the:
A. ATC, MC, AFC, and AVC curves respectively.
B. MC, AFC, AVC, and ATC curves respectively.
C. MC, ATC, AVC, and AFC curves respectively.
D. ATC, AVC, AFC, and MC curves respectively.
C. MC, ATC, AVC, and AFC curves respectively.
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The Immigration Reform and Control Act of 1986:
A. Increased fines on employers who hire illegal immigrants B. Boosted funding for fencing, monitoring, and policing the U.S.-Mexican border C. Created a guest worker program D. Created an amnesty program for illegal immigrants
Economic freedom is crucial for achieving economic growth because ______.
A. it gives the incentive to save, invest, expand human capital, and discover and apply new technologies B. it ensures that the majority of citizens make the most important decisions C. only good government can make the right investment decisions D. it protects workers' rights and prevents unfair firing E. it upholds democracy, which is essential if an economy is to grow
From an economic perspective, the efforts of professional football, baseball, and basketball players in the United States to win the right to become free agents was really an effort to
A. Reduce the supply of professional players and thus increase wages. B. Raise wages to competitive levels. C. Raise wages above the level of the players' MRP. D. Raise wages to the level of the players' MRP.
The fiscal shock in Germany due to reunification caused the Bundesbank to pursue a monetary policy that:
A) was appropriate for Britain, since it had experienced a similar shock. B) was appropriate for all the other ERM nations but not Britain. C) was appropriate only for Germany, since neither Britain nor other ERM nations experienced a similar shock. D) had poor timing, since the monetary action should have come before the reunification.