In the United States, all ozone-depleting substances were phased out by 2005 with the exception of

Refer to Figure 13.1. All else equal, if the economy is in a recession, expansionary fiscal policy would result in a movement from

A) point A to point B. B) point B to point A. C) point B to point C. D) point C to point B.

If left alone, a natural monopoly will

a. earn normal profits b. earn maximum economic profits c. produce where P = ATC d. face competition from new entrants e. go out of business