Refer to the graph below. This pure competitive firm will not produce unless price is at least:

If some industries exhibit internal increasing returns to scale in each country, we should not expect to see

A) perfect competition in these industries. B) intra-industry trade between countries. C) inter-industry trade between countries. D) high levels of specialization in both countries. E) increased productivity in both countries.

According to the quantity theory of money, the growth rate of which of the following is zero?

A) money supply B) velocity C) real GDP D) price level