If a monopolist sets her output such that marginal revenue, marginal cost and average total cost are equal, economic profit must be:

If a panic causes Indian depositors to withdraw their money from Japanese banks, it would cause the Japanese Yen to depreciate, since the supply of Yen has________

a. Not changed b. Decreased c. Increased d. None of the above

The possibility of immiserizing growth can arise when

A. the terms of trade of a small country decline due to changes in the rest of the world. B. the import-competing goods are overproduced in a large country. C. there is a decline in the research and development investments in a large country. D. a large country expands the production of its export-oriented goods.