An economy that is an active participant in international trade is
A) an egalitarian economy.
B) a closed economy.
C) an economy whose currency value fluctuates widely.
D) an open economy.
D
Economics
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In perfect competition, each firm ________
A) can influence the price that it charges B) produces as much as it can C) is a price taker D) faces a perfectly inelastic demand for its product
Economics
What area in the above figure is the consumer surplus at the efficient quantity?
A) A B) A + B + C C) F D) D + E + F
Economics