Average fixed costs of production
A) will rise at a fixed rate as more is produced. B) remain constant.
C) graph as a U-shaped curve. D) fall as long as output is increased.
D
Economics
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The regulation of the prices charged by insurance companies is known as
A) the Federal Register. B) social regulation. C) the market share test. D) economic regulation.
Economics
Japan and China can both produce guns and rice. The country with the lowest opportunity cost of guns (in terms of rice) will a. import guns
b. have a comparative advantage in guns. c. have an absolute advantage in guns. d. have a comparative advantage in rice.
Economics