The U.S. economy of the mid 1980s through 2007 is typically referred to as ________
A) "The Great Depression"
B) "The Great Inflation"
C) "The Great Moderation"
D) all of the above
E) none of the above
C
Economics
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In the long-run equilibrium, perfectly competitive firms make zero economic profit because of
A) government regulations. B) the ability of firms to enter and exit. C) inefficient production processes. D) high fixed costs.
Economics
The idea of risk aversion
A) is at odds with the idea of insurance. B) help explain the profitability of insurance companies. C) has nothing to do with insurance companies. D) help explain the losses suffers by the insurance industry. E) help explain why insurance companies in the long run are zero profit companies.
Economics