A Federal Reserve Bank is located in which of the following cities?

When the market demand increases in a perfect competition, the long-run result is a larger number of firms, a higher price, and a permanent economic profit for the firms

Indicate whether the statement is true or false

If an economy is producing inside the production possibilities curve, then

A. It is operating efficiently. B. There are not enough resources available to produce more output. C. It can produce more of one good without giving up some of another good. D. There is full employment of resources.