How is dollarization different from monetary union?
What will be an ideal response?
The nations do not share a central bank and monetary policy.
Economics
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In the short run, a perfectly competitive firm suffering a loss
a. will close if P < AVC b. will shut down operations if P < MC c. cannot leave the industry even if P < AVC d. can sell off all its resources to competitors e. can raise the price to increase revenues
Economics
A theory is an untested assertion of alleged fact
a. True b. False Indicate whether the statement is true or false
Economics