Average variable cost:
a. first tends to decrease, and then increase as output expands.
b. remains unchanged as output expands
c. always increases as output increases.
d. always decreases as output expands.
a
Economics
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In the 1990s, the rising value of the U.S. dollar made imported goods cheaper and this shifted the
a. aggregate demand curve outward. b. aggregate supply curve inward. c. aggregate supply curve outward. d. total expenditures curve upward.
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Which of the following will increase economic freedom?
a. freedom to enter and compete in markets b. high tariff rates c. high taxes d. rapid and unpredictable inflation
Economics