All of the following statements are examples of positive economic analysis except
A) as the unemployment rate decreases, fewer people are willing to relocate to find jobs.
B) as the economy improves, more workers from other countries are migrating to the United States.
C) exports from the United States should be increased to offset the growing number of imports into the United States.
D) the U.S. economy is growing at a slower rate than the economy of Brazil.
C
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Explain why, when all adjustment have taken place, the perfectly competitive firm will operate at the minimum of its short-run and long-run average total cost curves and earn zero economic profit
What will be an ideal response?
The opportunity cost of a given investment is the potential earnings forfeited by tying up money in the investment
a. True b. False Indicate whether the statement is true or false