Import substitution is the process of developing local industries to manufacture goods to

An increase in government transfer payments will shift the aggregate demand curve to the right

A) by the initial change in consumption arising from the change in transfer payment × the spending multiplier. B) by the initial change in income arising from the change in transfer payment × the spending multiplier. C) by the change in transfer payments × times the spending multiplier. D) by the change in transfer payments × times the marginal propensity to consume

Geo Sports, a football gear manufacturer, is considering expanding its factory. Which of the following describes the best conditions for a factory expansion?

a. The long-run average total cost curve is a horizontal line. b. The slope of the long-run average total cost curve is positive. c. The slope of the long-run average total cost curve is negative. d. The slope of the long-run average total cost curve is zero.