Union activity in late 19th and early 20th centuries in the United States
a. was largely apolitical at the national level.
b. was the impetus for several national parties.
c. relied heavily on help from the federal government.
d. None of the above is correct.
a. was largely apolitical at the national level.
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A net exports deficit or surplus equals
A) taxes minus savings plus public and private investment. B) the government sector balance plus the private sector balance. C) net lending by both the private and public sector plus savings minus investment. D) net worth plus the government sector balance minus the private sector balance.
Explain the relationship between price, short-run marginal cost, short-run average cost and long-run average cost in the final long-run competitive equilibrium condition. What are economic profits in this long-run equilibrium condition?
What will be an ideal response?