Economists believe that political instability can facilitate economic development in an LDC by making its citizens more open to change and new technology

Other things remaining the same, the U.S. interest rate differential increases if the U.S. interest rate

A) rises and foreign interest rates remain constant. B) falls and foreign interest rates remain constant. C) falls and foreign interest rates rise. D) remains constant and foreign interest rates rise.

In the short-run, a perfectly competitive firm can earn normal profits or above normal profit but it cannot incur losses

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