The ________ book provides information of current economic conditions and is used by the Federal Reserve in formulating monetary policy

Trade between two nations is complicated by

a. the variability in exchange rates of the respective nation's currencies. b. different production techniques in the nations. c. the age and experience of the respective nation's diplomats. d. the variability in climate between the nations.

If a perfectly competitive firm's price is less than its average total cost but greater than its average variable cost, the firm

A) is earning a profit. B) should shut down. C) is incurring a loss. D) is breaking even.