Baseball teams shut down in the winter. This is an example of

A) permanently leaving the industry because price is less than average fixed cost.
B) temporarily leaving the industry because price is less than average variable cost.
C) temporarily leaving the industry because price is less than average fixed cost.
D) permanently leaving the industry because price is less than average variable cost.

B

Economics

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One result of a decrease in aggregate demand and no change in aggregate supply is

A) a recession. B) an increase in employment levels. C) an economic expansion. D) a rise in the price level.

Economics

The developing countries have been catching up to the lower-income industrial countries in terms of economic growth

Indicate whether the statement is true or false

Economics