Easy monetary policy will ________ net exports as a result of a ________ currency.

To maximize joint profits, a cartel must determine the level of output at which:

A) joint marginal revenue equals the marginal cost of the largest member of the cartel. B) marginal revenue equals joint marginal cost. C) the horizontally sum of the members marginal cost curves is at a minimum. D) joint marginal revenue equals the marginal cost of the smallest member of the cartel.

For an inferior good, an increase in consumer incomes results in an increase in the quantity demanded of the good

a. True b. False Indicate whether the statement is true or false