Which of the following is the best example of a disruptive market change related to international trade?
a. a domestic manufacturer opens a new state-of-the-art facility in the home country
b. an international manufacturer opens a new state-of-the-art facility in the home country
c. an international manufacturer develops a completely robotic manufacturing process
d. a domestic manufacturer replaces one international supplier with another international supplier
c. an international manufacturer develops a completely robotic manufacturing process
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In the above table, the average total cost of producing 14 units of output is
A) $5.71. B) $6.75. C) $7.00. D) $7.86.
Tax reduction and simplification should ________ long-run aggregate supply and ________ aggregate demand
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease