In one week Alice can produce 5 pairs of shoes or 4 bookshelves while Roger can produce 10 pairs of shoes or 6 bookshelves. Alice has ________ advantage in producing ________

One of the main reasons behind hyperinflation episodes is:

A) a decrease in real GDP. B) large government budget deficits. C) high tax rates. D) a decrease in the demand for consumer goods.

The crucial aspect of competition among firms that leads to the condition of zero profits in the long run is

A. the number of firms in the industry is fixed. B. free entry and exit of firms in the industry. C. fixed costs equal zero. D. all costs are at their least cost level.