If price is above average total costs, the firm
A) is earning positive profits.
B) is earning negative profits.
C) is making a normal rate of return on its capital investment.
D) may be earning a positive or negative profit depending upon costs.
A
Economics
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Recall the Application. According to the authors, what explained virtually all of the employment gains that occurred nationally?
A) a strong economy B) a weak economy C) increases in unemployment benefits D) decreases in unemployment benefits
Economics
One reason a country might choose a flexible exchange rate
A) to reduce inflation and promote a stable economic environment. B) to reduce the impact of economic shocks. C) to rid themselves of the pressure of monetary management. D) that it is easier for all citizens to understand.
Economics