Which of the following conditions would definitely cause a perfectly competitive company to shut down in the short run?

Based on the information in Scenario 1, real GDP grew by about ________ percent from 2015 to 2016

A) 23 B) 31 C) 62 D) 162

Refer to Figure 2-10. In the circular flow diagram, market K represents

A) product markets. B) firms. C) households. D) factor markets.