Which of the following formulas indicate that a firm should shut down?

a. (P × q) > VC
b. (P × q)/q < VC/q
c. (P × q) > VC/q
d. (P × q)/q < VC

b. (P × q)/q < VC/q

Economics

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Which concept do some scholars use to explain the growth in free trade after World War II?

a. regionalization b. voluntary export restraint c. embedded liberalism d. hegemonic stability

Economics

Someone who loses his job at a truck factory because the demand for trucks has fallen and the demand for cars has risen, is structurally unemployed

a. True b. False Indicate whether the statement is true or false

Economics