Which statement below is true for a price taker in the long run?
A) Net revenue can only be positive.
B) Net revenue can only be negative.
C) Net revenue can only be zero.
D) Net revenue can be positive, negative, or zero.
C
Economics
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Suppose that the consumer price index in Eastlandia rises from 150 to 159 over the past year, and that the city sets its car registration prices so that real prices stay the same. If the cost to register a car was $50 last year, how much would it cost this year, in nominal terms?
a) $50 b) $53 c) $56 d) $59
Economics
Both President Bush and President Obama wanted tax cuts to stimulate consumer spending during the 2007-2009 recession
a. True b. False Indicate whether the statement is true or false
Economics