Profit is the return to entrepreneurship
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The demand curve a monopolist faces is
A) horizontal. B) the industry demand curve. C) vertical. D) inelastic at all points.
Economics
If a country fixes its exchange rate below the equilibrium value,
a. the result is an excess supply of that currency b. there will be downward pressure on the exchange rate c. its GDP will increase d. its GDP will decrease e. it will have to sell its own currency in order to eliminate the excess demand
Economics