Suppose a nation increases the quantity of a product it exports. To attract the labor resources needed to support the increased production, it must:

Assume price exceeds average variable cost over the relevant range of demand. If a monopolistically competitive firm is producing at an output where marginal revenue is $23 and marginal cost is $19, then to maximize profits the firm should

A) continue to produce the same quantity. B) increase output. C) decrease output. D) shut down.

The institution ultimately responsible for managing the nation's money supply and coordinating the banking system to ensure a sound economy is called a:

A. central bank. B. national bank. C. public banking system. D. peoples' bank.