In many large u.s. cities, taxicab companies operate as near monopolies because of_____.

In the _________, the perfectly competitive firm will seek out ________________________ .

In the factor market, firms ________ and households ________.

Marginal cost is ________ average variable cost when ________.

Situational characteristics related to time are known as _____.

A flexible exchange rate is one that _______

When in an economy, all decisions relating to what goods and services to produce, how to produce, and what quantities to produce are made by a central authority, it is known as:

_____________ is a deliberate downward adjustment in the official exchange rates of a country relative to a foreign reference currency.

An economy in which two distinct economic systems marked by varying levels of technological advancement and development co-exist is known as a:

The supply of the capital goods in the economy:

The optimum tariff of a country is the highest when the elasticity of the offer curve of the opposite country is: