A perfectly competitive firm's long-run supply curve is that part of its MC curve that lies above the point where MC = AVC
Indicate whether the statement is true or false
F
Economics
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According to the rule of 70, if the interest rate is 10 percent, about how long will it take for the value of a savings account to double?
a. about 6.3 years b. about 7 years c. about 7.7 years d. about 10 years
Economics
Dollarization is a method to
A. allow limited flexibility in the country's exchange rate. B. sterilize interventions by the central bank. C. remove exchange-rate risk. D. increase the country's seigniorage profit.
Economics