Suppose that the interest rate available to you on a long-term bond is 4 percent. If you hold $1,000 of your wealth in currency instead of in the form of a bond, the annual opportunity cost is

Currency devaluation ______export producers because_______

a. Helps; exports are more expensive b. Hurts; exports are more expensive c. Helps; exports are less expensive d. Hurts; exports are less expensive

The long run outcome of the monopolistically competitive firm:

A. occurs where price equals marginal cost. B. maximizes total surplus. C. creates welfare loss. D. does not maximize profits.