Firms in perfectly competitive markets are confined to making profits in the short run, but never a loss.
Answer the following statement true (T) or false (F)
False
You might also like to view...
The participation rate is the number of people:
A. employed and unemployed divided by the population aged 16 years and older. B. employed divided by the labor force. C. employed and unemployed divided by the labor force. D. employed divided by the population aged 16 years and older.
Other things equal, along the aggregate demand curve, a higher price level is associated with
A) an increase in the quantity of real GDP demanded. B) a decrease in the quantity of real GDP demanded. C) a decrease in the quantity of nominal GDP demanded. D) higher income levels.
Banks became more willing to make subprime loans because of:
A. leveraging. B. securitization. C. herd behavior. D. hedging.
Which one of the following statements is TRUE?
A. Demand deposits are assets of a bank. B. A bank's assets plus its liabilities must equal zero. C. A bank's reserves can only be kept as cash in its vault. D. Assets generate income for a bank.