An increase in the price a firm receives for its output will lead the firm to:
A. expand output.
B. reduce output.
C. leave output unchanged and earn smaller losses.
D. leave output unchanged and earn greater profits.
Answer: A
Economics
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From 1978 to 1995, the rate of growth of output per worker in China appears to be
A) the result of capital accumulation. B) the result of technological progress. C) the result of trade barriers. D) equal to that of the United States. E) none of the above
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Under the British Navigation Acts, enumerated goods were a list of colonial _______
a. exports showing how dependent the British were on the colonies. b. imports showing how dependent the colonies were on Britain. c. exports that had to be shipped through British middlemen. d. exports that were reserved for the crown.
Economics