A country's actual output ________ its potential output.
A. can only temporarily exceed
B. is always be approximately equal to
C. can never fall below
D. can never exceed
Answer: A
Economics
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Under imperfect competition, a firm's:
a. demand curve lies below its marginal revenue curve. b. demand curve lies above its marginal revenue curve. c. demand curve coincides with its marginal revenue curve. d. demand curve coincides with its marginal cost curve. e. demand curve coincides with its average cost curve.
Economics
A patent is used to
a. disseminate information. b. offset the negative effects of taxes. c. protect inventors for as long as they live. d. assign property rights.
Economics