If there is an increase in taxes on business firms in a small open economy, it causes the current account to ________ and the equilibrium quantity of saving to ________

Refer to Figure 11-11. If the firm chooses to produce and sell 25,000 frames per month by operating in the short run with a scale operation represented by ATCc

A) the firm would lower its average costs by reducing its scale of operation. B) the firm will not be able to earn a profit. C) the firm will be operating efficiently. D) the firm will not be operating efficiently.

Refer to Figure 8.1. Holding other variables constant, a decrease in the capital stock will result in a

A) shift from curve D1 to curve D2. B) shift from curve D2 to curve D1. C) movement from point A to point B. D) movement from point B to point A.