In a perfectly competitive resource market the Marginal Revenue Product Curve is

A) vertical.
B) horizontal.
C) downward sloping.
D) upward sloping.

C

Economics

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Only in the case of perfectly inelastic demand will consumers pay the full amount of a specific tax or ad valorem tax

Indicate whether the statement is true or false

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Dollarization is a method to

A. allow limited flexibility in the country's exchange rate. B. sterilize interventions by the central bank. C. remove exchange-rate risk. D. increase the country's seigniorage profit.

Economics