The WTO functions as:
A. The enforcer of trade rules for the world.
B. An international informant on terrorism.
C. An international weapons inspector.
D. The international authority on currency exchange.
A. The enforcer of trade rules for the world.
Economics
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In the long-run equilibrium in perfect competition, consumer surplus is
A) positive. B) negative. C) zero. D) less than producer surplus.
Economics
In monopolistic competition if there is profit, there is:
a. a signal for new firms to enter. b. a motive for existing firms to increase prices. c. proof that advertising works. d. a motive for existing firms to decrease prices. e. product differentiation.
Economics