When a price index moves from 105 to 108, the rate of inflation is 3 percent

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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In the above figure, total revenue for this profit-maximizing monopolistically competitive firm is

A) $50,000. B) $91,000. C) $96,000. D) $100,000.

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What group is committed to lowering trade barriers between nations?

a. United Nations b. European Union c. World Trade Organization d. OPEC

Economics