The Consumer Price Index (CPI) excludes goods imported from other countries and consumed by residents of the United States

The inefficiencies associated with dead capital can

A) lead to increased consumption. B) increase the amount of investment as businesses look for more technologically advanced capital. C) lead to more economic freedom as firms try to get rid of the inefficient capital. D) reduce the rate of return on investment.

As output increases, average total cost decreases

A) constantly. B) as the average product of labor decreases. C) initially and then starts to increase. D) in the long run and the short run. E) as long as average fixed cost decreases.