China's one child policy
a. Caused the share of young people to rise
b. Prematurely aged the Chinese labor force
c. Lowered the saving rate
d. all of the above
e. none of the above
B
Economics
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The figure above shows a monopoly firm's demand curve. At point t
A) demand is elastic. B) demand is unit elastic. C) demand is inelastic. D) total revenue is at a minimum.
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Economies of scale exist where the long-run average cost curve is
A) horizontal. B) downward sloping. C) upward sloping. D) tangent to the marginal cost curve.
Economics