A sudden fall in the market demand in a competitive industry leads to
a. A short run market equilibrium price lower than the original equilibrium
b. A market equilibrium price lower than the short run price
c. New firms entering the market
d. All of the above
a
Economics
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Protectionism is used for all of the following reasons except _____.
(A) Keeping out immigrants. (B) Keeping jobs. (C) Taking care of an infant industry. (D) Safeguarding national security.
Economics
Which of the following is true about labor productivity?
A) it is the amount of total factor productivity (TFP) per unit of labor B) it is more difficult to measure than TFP C) it is a more general and better measure of productivity than TFP D) all of the above E) none of the above
Economics