A monopoly advertises
A) to raise its profit.
B) to decrease costs.
C) dissuade entry by other firms.
D) reduce deadweight loss.
A
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Purchasing power parity determines the exchange rate in
A) the short run. B) nations that do not allow their exchange rate to fluctuate. C) the long run. D) the long run and the short run. E) theory only, but not in reality.
If WarmWear, a U.S.manufacturer of winter clothing, opens a new factory in Austria, then
a. Austrian GNP increases by more than Austrian GDP, because GDP includes income earned by foreigners working in Austria. b. Austrian GNP increases by more than Austrian GDP, because GDP excludes income earned by foreigners working in Austria. c. Austrian GNP increases by less than Austrian GDP, because GDP includes income earned by foreigners working in Austria. d. Austrian GNP increases by less than Austrian GDP, because GDP excludes income earned by foreigners working in Austria.