A firm's minimum efficient scale is the largest quantity of output at which long-run average cost reaches its highest level

Which of the following could increase the supply of dollars in the foreign exchange market?

a. a lower inflation rate in foreign countries than in the U.S. b. lower interest rates in foreign countries than in the U.S. c. higher prices in the United States d. a depreciation of other currencies e. an appreciation of the dollar

Average living standards are best measured using

A. Per capita GDP. B. The capital stock of the economy. C. The economic growth of the economy. D. GDP.