A. over fishing
B. smoking in a public place
C. excessive rain
D. common use of public toilets
A. Prices to rise and output to rise
B. Price to fall and output to remain unchanged
C. Prices to fall and output to fall
D. prices to rise and output to remain unchanged
A. the minimum of their average-total-cost curves
B. all of these answers are correct
C. their efficient scale
D. zero economic profit
E. intersection of marginal cost and marginal revenue
A. The balance of trade
B. The rate of growth in an economy
C. The rate of price increase
D. Unemployment
A. equals to tariffs on imported manufactured goods
B. lower than tariffs on imported manufactured goods
C. higher than tariffs on imported manufactured goods
D. The highest of all tariffs
A. inefficient
B. normative
C. unattainable
D. efficient
A. The laws of supply and demand controlled the economy
B. Trade policies mandated that imports exceed exports
C. The success of the agricultural sector controlled the price of manufactured goods
D. A central authority determined the type and quantity of goods to be produced