In the long run, a perfectly competitive market will exhibit
a. zero producer surplus
b. zero consumer surplus
c. positive economic profit
d. allocative and productive efficiency
e. allocative but not productive efficiency
D
Economics
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Refer to Figure 16-5. In the dynamic model of AD-AS in the figure above, if the economy is at point A in year 1 and is expected to go to point B in year 2, Congress and the president would most likely pursue
A) expansionary fiscal policy. B) expansionary monetary policy. C) contractionary fiscal policy. D) contractionary automatic stabilizers. E) contractionary monetary policy.
Economics
What are the major factors that a TNC should weigh in deciding to invest in a developing country?
What will be an ideal response?
Economics