An economy that has a domestic and a foreign sector is called:
A) a mixed economy.
B) an open economy.
C) a closed economy.
D) a command economy.
B
Economics
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A point on the supply curve can illustrate the
A) price and the corresponding quantity supplied. B) marginal cost of that unit of the good. C) price the consumer is willing to pay. D) Both answers A and B are correct. E) Both answers A and C are correct.
Economics
The figure above shows the demand and cost curves for a single-price monopoly. What economic profit does this firm make?
A) zero B) $600 C) $400 D) $200
Economics