The oligopolist ___________ a profit in the long run.

Fill in the blank(s) with the appropriate word(s).

makes

Economics

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Gains from trade means that all trading nations must be made better off

Indicate whether the statement is true or false

Economics

Countries that have adopted liberal reforms and substantially increased their economic freedom rating in recent years

a. experienced falling income levels per capita during 1995-2009. b. grew slowly during 1995-2009. c. achieved impressive growth rates of real GDP per person during 1995-2009. d. have grown less rapidly than high income industrial economies.

Economics