If the bid value of a Treasury bond is listed as "112:16", it means that the buyer is willing to pay $1,125 for the bond.

A country can control

A) its flexible exchange rate. B) monetary policy oriented toward domestic goals. C) international capital movements. D) foreign inflationary policies. E) and avoid risks in international trade.

A perfectly competitive firm cannot make economic profits in the long run because: a. it is a price taker

b. there are no barriers to entry into the industry. c. it faces a perfectly elastic demand curve. d. its advertising costs will rise to eliminate any economic profits.