Under comprehensive health insurance the level of output is determined where _____

Positive economic profits exist for a firm in the long run if price is above

a. long-run average cost. b. long-run marginal cost. c. long-run total cost. d. long-run variable cost.

Which of the following problems will most likely occur with a system of flexible exchange rates?

A. Macroeconomic instability as exports and imports fluctuate with the exchange rates. B. Government favoritism toward selected importers of goods and services. C. The emergence of black markets for foreign currency. D. Distortions in trade patterns away from the pattern suggested by comparative advantage.