An open economy is an economy that has
A) its own stock market.
B) governmental regulations regarding the number of hours retail establishments must remain open on a daily basis.
C) interactions in trade or finance with other economies.
D) governmental regulations regarding public information that is included in corporate finance reports.
C
Economics
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The marginal benefit of each additional unit of a good consumed
A) increases as more is consumed. B) is always equal to its marginal cost. C) decreases as more is consumed. D) will maximize consumer surplus. E) is equal to the deadweight loss if the unit of the good is not produced.
Economics
Refer to Figure 12-9. At price P4, the firm would produce
A) Q3 units. B) Q4 units. C) Q5 units. D) Q6 units.
Economics