If Mexicans increasingly lose confidence in their domestic financial markets and move their assets to other countries, the peso will depreciate

The relationship between the growth rate of an economic variable, gt, and its level, yt, can be approximated by

A) gt = yt - yt - 1. B) gt = logt - log yt - 1. C) yt = log gt - log gt - 1. D) log gt = yt - yt - 1.

In the long run, when economic profit is greater than zero in a perfectly competitive industry, _____

a. existing firms contract their production levels b. firms suffer losses but decide to operate c. there is an upward pressure on the market price of the good d. new firms enter the industry