The long-run supply curve for a competitive industry
a. may be horizontal if entry into the industry lowers average total cost.
b. may be upward-sloping if higher-cost firms enter the industry.
c. will be horizontal if there is free entry into the industry.
d. will be upward-sloping if there are barriers to entry into the industry.
b
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In the United States since 1900, life expectancy at birth has ________ and the death rate has ________
A) decreased; increased B) increased; increased C) decreased; decreased D) increased; decreased
It has been argued that tied aid leads to inefficiencies in the recipient country's economy. Explain how this could occur
What will be an ideal response?
Factoring
A) involves selling stocks and using the proceeds to buy bonds. B) is purchasing accounts receivable at a discount. C) is calculating the optimal par values of stocks and bonds. D) has been declared illegal under the Reform Act of 1994.
Which of the following will shift the long-run aggregate supply curve to the right?
a. Increase in the price level b. Increase in the natural rate of unemployment c. Decrease in per capita GDP d. Increase in the rate of economic growth e. Increase in the rate of inflation