Factors that led to worsening conditions in Mexico's 1994-1995 financial markets include
A) failure of the Mexican oil monopoly.
B) the ratification of the North American Free Trade Agreement.
C) increased uncertainty from political shocks.
D) decline in interest rates.
C
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If one firm advertises and other firms in the market don't, then ______
A. the demand for the advertised good becomes more elastic B. the profit-maximizing quantity of the advertised good decreases be-cause total fixed costs increase C. the average cost of producing a small quantity of the advertised good rises but the average total cost of producing a large quantity might fall D. the economic profit made from the advertised good increases
In a sense, the long-run average cost curve is holding
A) short-run average variable cost curves. B) short-run marginal cost curves. C) short-run average total cost curves. D) short-run total cost curves.