Growth should
A) be the only strategy.
B) be a possible strategy.
C) never be a strategy.
D) be a strategy only if it minimizes ATC.
B
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The market demand curve for a good shows ________ and the market supply curve shows ________
A) consumers' willingness to pay for the good; producers' marginal cost of producing the good B) producers' marginal cost of producing the good; consumers' willingness to pay for the good C) consumers' willingness to pay for the good; the opportunity cost of producing the good D) consumers' willingness to pay for the good; producers' total cost of producing the good
A reduction in the real exchange rate indicates that
A) foreign goods are now relatively cheaper. B) foreign goods are now relatively more expensive. C) domestic goods are now relatively more expensive. D) both A and C