This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A firm that is earning zero economic profits has a strong incentive to exit the industry. a. True ... (Read 59 times)

ap345

  • Hero Member
  • *****
  • Posts: 537
on: Jun 30, 2018
A firm that is earning zero economic profits has a strong incentive to exit the industry.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

What is the most likely consequence when people's preference for current consumption rises in relation to future consumption?
 a. Interest rates will fall, and the rate of extraction of exhaustible natural resources will decrease.
  b. Interest rates will fall, and the rate of extraction of exhaustible natural resources will increase.
  c. Interest rates will rise, and the rate of extraction of exhaustible natural resources will decrease.
  d. Interest rates will rise, and the rate of extraction of exhaustible natural resources will increase.
  e. Interest rates will fall, and there will be no effect on the rate of extraction of exhaustible natural resources.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jamesnevil303

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

d


ap345

  • Member
  • Posts: 537
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

duy1981999

  • Member
  • Posts: 341
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Economic Costs of CVD Economic Costs of CVD
Economic and Social Development Economic and Social Development
economic question economic question
economic question economic question
economic question economic question
Economic question 5 Economic question 5
Video: Definition of heart rate

For a complete list of videos, visit our video library