Firms in perfectly competitive industries have a ________ individual demand curve when the price is on the vertical axis and the quantity is on the horizontal axis. The shape of the curve is result of the firm being a ________

An economy's capital stock is increased when individuals and institutions use savings to increase capital investment in stocks and bonds

Indicate whether the statement is true or false

When the average price level in the United States, relative to the average price levels in other countries, rises, this tends to

A. raise imports and exports. B. lower imports and exports. C. raise imports and lower exports. D. lower imports and raise exports.