There will be long-run pressure on the price to rise whenever

A. P>ATC.
B. P C. P D. b) and c).

Answer: D

Economics

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A negative balance in the capital and financial account means the economy is

A) lending to the rest of the world. B) running a capital account surplus. C) borrowing from the rest of the world. D) importing more than it is exporting.

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The dominant strategy in the prisoners' dilemma is for

A) neither player to confess. B) both players to confess. C) only the dominant player to confess. D) the dominant player not to confess.

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