In the long run, a perfect competitor
A) earns positive profits but will not make losses.
B) earns positive economic profits.
C) earns zero economic profits.
D) produces at its shutdown point.
C
Economics
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A situation in which spending exceeds income is
A) average propensity to save. B) dissaving. C) the saving function. D) the consumption function.
Economics
In explaining economic growth, new growth theory stresses the role played by
A) women in the workforce. B) the government in directing the nation's investments. C) population moderation. D) the participation rate of elderly workers. E) human choices.
Economics