Refer to the above figure. If the market price is equal to A, which statement can be made about economic profits?
A) Economic profits are positive and equal to ABCG.
B) Economic profits are positive and equal to ABEF.
C) Economic profits are negative and equal to GCEF.
D) Economic profits are negative and equal to ABQ 0.
A
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Assume that the dollar price of a U.S. basket is $2 and the Mexican price for a U.S. basket is 40 pesos. On the other hand, the Mexican price for the Mexican basket is 100 pesos
Given this information, the dollar price for the Mexican basket will be: A) $8. B) $12. C) $10. D) $5.
In the Current Population Survey, a person is considered unemployed if the person
A) is without a job. B) is working anything less than 40 hours per week. C) is working without pay. D) does not have a job and is actively looking for a job. E) is working less than 20 hours per week.