In which of the following cases would a firm enter a market?
A. P < short-run ATC.
B. P < long-run ATC.
C. P > short-run ATC.
D. P > long-run ATC.
Answer: D
Economics
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Suppose in 2016, you purchase a house built in 2003. Which of the following would be included in the gross domestic product for 2016?
A) the value of the house in 2016 B) the value of the house in 2016 minus depreciation C) the value of the services of the real estate agent D) the value of the house in 2003
Economics
Under the NAFTA, countries must enforce their own labor standards
Indicate whether the statement is true or false
Economics