When a 13-year-old girl consents to babysit John's children for $5 per hour, economists assume
A) the girl was made worse off while John was made better off.
B) the girl was made better off while John was made worse off.
C) both parties were made worse off.
D) both parties were made better off.
D
Economics
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If at some output level for a firm price exceeds average total cost, then the firm is earning an economic profit
a. True b. False Indicate whether the statement is true or false
Economics
If the dollar appreciates in the foreign exchange market:
A. net exports will increase. B. net exports will decrease. C. net exports will be unaffected. D. It is impossible to say how net exports will be affected without knowing how net capital outflow is affected.
Economics