Frictional unemployment will typically be a short-term problem for someone between jobs

The above figure shows a perfectly competitive firm. If the market price is $5, the firm

A) is making an economic profit. B) is making zero economic profit. C) will immediately shut down. D) will not shut down. E) might shut down but more information is needed about the AVC.

A trade surplus means:

A) the country has positive net savings, which it lends abroad. B) the country has negative net savings, which it lends abroad. C) the country has positive net savings, which it borrows from abroad. D) the country has negative net savings, which it borrows from abroad.