If your salary increases at a lower rate than prices are increasing, what would happen to your buying power?

Firms in perfect competition have no control over

a. all of the following b. where to operate on their average total cost curves c. what price to charge d. how many inputs to use e. how much to produce

In general, countries export products they can produce more cheaply in return for products that are unavailable domestically or are cheaper elsewhere

Indicate whether the statement is true or false