Consumer spending is an injection in the circular flow of income and spending

In the short run, if the average total cost of producing 4,000 shoes is $10 and the average total cost of producing 7,000 shoes is $9, then the most efficient point of production occurs at a quantity at least as great as 7,000

Indicate whether the statement is true or false

Any restriction on the ease of exchanging on currency for another tends to harm

A. both the prospective import purchaser and the prospective export manufacturer. B. no one. C. only the prospective purchaser of imported goods. D. only the prospective manufacturer of goods for export.