Entry continues as long as
A) economic profits are zero.
B) accounting profits are positive.
C) accounting profits are positive and economic profits are negative.
D) economic profits are positive.
D
Economics
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If the required reserve ratio is 15 percent, there is no currency drain, and banks loan all of their excess reserves, an increase in the monetary base of $20,000 leads to a total increase in the quantity of money of
A) $200,000. B) $133,333. C) $3,000. D) $20,000. E) $300,000.
Economics
The price system allocates resources efficiently EXCEPT when
A) consumers decide they want more of a good. B) resources are utilized to produce the highest-valued goods and services. C) voluntary exchange exists. D) the production of a good affects parties other than its buyers and sellers.
Economics