A firm can choose a quantity of output, and the price is then determined by

a. the government.
b. the supply schedule.
c. consumers' demand.
d. the average cost.

c

Economics

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Over the last twenty years, the U.S. has generally had a current account ________ and a capital account ________

A) surplus, surplus B) surplus, deficit C) deficit, surplus D) deficit, deficit

Economics

It is possible for the absolute price of a good to rise at the same time that the good's relative price is falling

Indicate whether the statement is true or false

Economics