Which of the following statements is correct?
a. Assuming that explicit costs are positive, economic profit is greater than accounting profit.
b. Assuming that implicit costs are positive, accounting profit is greater than economic profit.
c. Assuming that explicit costs are positive, accounting profit is equal to economic profit.
d. Assuming that implicit costs are positive, economic profit is positive.
b
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A capital ________ can promote financial instability in an emerging-market country because it is what forces a country to ________ its currency
A) inflow; devalue B) inflow; revalue C) outflow; devalue D) outflow; revalue
Which of the four countries has an opt-out and chose not the adopt euro yet:
a. Germany b. Denmark c. France d. Austria
If there is an unanticipated increase in aggregate demand, which of the following is most likely to occur?
What will be an ideal response?
If price of a product falls
A. the budget line rotates to the right. B. the budget line rotates to the left. C. the marginal utility of the product also falls. D. the indifference curve will shift to the left.