Of all the virtual currency systems, VCS4 is poses the __________ risk to nations in which is it used because ___________________________
a. Highest; it is becoming more accepted and can be spent in the real world.
b. Highest; when converted into legal tender, it has the potential to increase a nation's M2 money supply.
c. Lowest; when converted into legal tender, it has only a small potential to increase a nation's M2 money supply.
d. Lowest; it does not have the potential to raise a nation's price level or threaten its payment system.
.A
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Under monopolistic competition, firms make zero economic profit in the long run and produce at the minimum ATC
Indicate whether the statement is true or false
Suppose our firm produces chartered business flights with capital (planes) and labor (pilots) in fixed proportion (i.e., one pilot for each plane). The expansion path for this business will:
A) increase at a decreasing rate because we will substitute capital for labor as the business grow. B) follow the 45-degree line from the origin. C) not be defined. D) be a vertical line.