Author Question: China is one of the world's largest exporters. As the world's economies slipped into a worldwide ... (Read 145 times)

james0929 · **on:** Jun 29, 2018

China is one of the world's largest exporters. As the world's economies slipped into a worldwide recession in 2008, there was a ________ China's aggregate demand curve as China's exports ________.

A) rightward shift of; decreased
B) movement upward along; increased
C) leftward shift of; decreased
D) movement upward along; decreased

Question 2

In the above figure, if the price is P1, the firm will produce

A) nothing.
B) where MC equals ATC.
C) where MC equals P1.
D) where ATC equals P1.