Refer to Figure 28-2. The nonaccelerating inflation rate of unemployment, or NAIRU, is associated with which point rate in the figure above?

Free trade can promote greater output because of the principle of comparative advantage

a. True b. False Indicate whether the statement is true or false

For a monopoly to be ________, the firm must realize economies of scale at a scale that is close to total demand in the market.

A. a natural monopoly B. unregulated C. granted patents D. profitable