Microeconomics

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When a nation starts importing a good or service, domestic employment in that industry Started by Mr3Hunna	1 Replies 47 Views	May 24, 2019 by yasmin
When a nation totally bans trade with another country, it is imposing a(n): a. tariff. b. embargo. ... Started by nelaaney	1 Replies 62 Views	Jun 30, 2018 by Tabitha_2016
When a negative externality is present A) the market price is too low. B) the market price is too ... Started by magmichele12	1 Replies 26 Views	Jun 30, 2018 by nanny
When a perfectly competitive firm is at its short-run profit-maximizing level of output, it Started by Triley39	1 Replies 31 Views	Oct 12, 2022 by gcurrens
When a perfectly competitive firm is in long-run equilibrium, it and all other firms are on the ... Started by naturalchemist	1 Replies 45 Views	Jun 30, 2018 by tdewitt
When a perfectly competitive firm or a monopolistically competitive firm is making zero economic ... Started by a0266361136	3 Replies 48 Views	Jun 30, 2018 by wtf444
When a perfectly competitive industry is taken over by a monopoly, some consumer surplus is ... Started by ghost!	1 Replies 18 Views	May 24, 2019 by joechoochoy
When a person consumes two goods (A and B), that person's utility is maximized when the budget is ... Started by WhattoUnderstand	1 Replies 13 Views	Jul 1, 2018 by johnharpe
When a person's expressed valuation of a product is affected by the numbers in her head, this is an ... Started by jho37	1 Replies 10 Views	Jul 20, 2019 by karmakat49
When a person's income doubles, her consumption of each good will double in order for her to stay in ... Started by panfilo	1 Replies 16 Views	Jun 30, 2018 by Pswine
When a pharmaceutical firm spends millions of dollars to lobby and convince Congress to extend the ... Started by crobinson2013	3 Replies 31 Views	Jul 20, 2019 by Jadwiga9
When a plant is operating at the level of output where its short-run average total cost is at its minimum, Started by ddddddddddeeee4444	1 Replies 12 Views	Oct 12, 2022 by Spike8502
When a price ceiling below the equilibrium price is imposed on a good, production of the good Started by crazycityslicker	1 Replies 40 Views	May 24, 2019 by mmpiza
When a product benefits people other than the buyer of the product, the product is said to have Started by Haya94	1 Replies 35 Views	May 24, 2019 by gstein359
When a product transformation curve is bowed outward, there are ________ in production. A) ... Started by james0929	3 Replies 245 Views	Jul 1, 2018 by katieost
When a production possibilities frontier is bowed outward, as more of one good is produced, its ... Started by audie	1 Replies 39 Views	May 24, 2019 by hugthug12
When a quota/trade barrier is instituted, the loss of domestic consumer surplus may be transferred ... Started by nautica902	3 Replies 10 Views	Jul 1, 2018 by shaikhs
When a rent ceiling below the equilibrium rent is put in place, the outcome is Started by Bernana	3 Replies 9 Views	May 24, 2019 by cpetit11
When a rent ceiling is ________, consumer surplus and producer surplus shrink, a deadweight loss ... Started by RODY.ELKHALIL	3 Replies 52 Views	May 24, 2019 by bblaney
When a rent ceiling law is passed in a city, which of the following occurs? Started by c0205847	3 Replies 10 Views	May 24, 2019 by pangili4
When a researcher evaluates the probability of an event by looking at how representative the sample ... Started by leilurhhh	3 Replies 11 Views	Jun 30, 2018 by Perkypinki
When a second firm enters a market, the original firm's profits decline because: Started by jessicacav	1 Replies 134 Views	Jul 20, 2019 by LegendaryAnswers
When a second firm enters a monopolist's market: Started by BrownTown3	3 Replies 179 Views	Jul 20, 2019 by enass
When a second firm enters a monopolist's market: Started by evelyn o bentley	1 Replies 40 Views	Jul 20, 2019 by pami445
When a second firm enters a monopolist's market: Started by ahriuashd	3 Replies 157 Views	Jul 20, 2019 by stanleka1