Over the long term, the stock market has ______.
a. lost money across the board
b. outperformed other investment categories
c. underperformed money left in savings accounts
d. maintained a steady value, without major losses or gains
b. outperformed other investment categories
Economics
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The effect of an import quota is to
a. raise the price and reduce the quantity of imports. b. raise the price and the quantity of imports. c. lower the price and the quantity of imports. d. raise the quantity and reduce the price of imports.
Economics
Suppose the long-run average cost curve is U-shaped. When LRAC is in the increasing stage, there exist:
A. economies of scale. B. diseconomies of scope. C. diseconomies of scale. D. economies of scope.
Economics