A free press could help reduce corruption, which would then promote growth, by all of the following except:
A. publishing stories about health issues
B. investigative reporting about corruption among government officials
C. publishing gossip columns about a politician's personal matter
D. strengthening the rule of law and property rights
Answer: C. publishing gossip columns about a politician's personal matter
Economics
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A firm has excess capacity if its output is
A) less than the quantity at which marginal cost is minimized. B) less than the quantity at which economic profit is maximized. C) less than the quantity at which average total cost is minimized. D) more than the quantity at which average total cost is minimized.
Economics
A firm will break even when
A) P = ATC. B) P > ATC. C) P < AVC. D) P = AVC.
Economics