A. They will aim to leave the industry
B. Other firms will join the industry
C. The revenue equal total costs
D. No profit is made is accounting terms
A. the long-run aggregate demand curve is horizontal at the natural rate of inflation
B. the long run aggregate demand curve is vertical at potential GDP
C. the long run aggregate demand curve is vertical at potential GDP
D. The long run supply curve is horizontal at the natural rate of inflation
A. inequality is a motivating force for people to rise in the stratification system
B. Everyone is talented equally
C. Marxism tries to explain all social problems
D. Democracy delivers equality better than Marxism does
A. Product feature
B. sponsorship
C. brand
D. logo
A. The industrial policies of governments
B. different sizes of the countries
C. different factor endowment between countries
D. the different tastes and preferences of people in different countries
A. The European monarchs
B. Middle Eastern dynasties
C. American Indian chiefdoms
D. None
A. a violation striking to the very heart of society
B. a legally punishable offense
C. a slight to one,s group but not a punishable offense
D. an incident of no consequence whatsoever