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Your textbook discusses a 2010 study, with bilingual Arab Israeli students who were enrolled at a university in Israel. The fluently bilingual researcher spoke to students in either Arabic or Hebrew. The results of this study showed that these students:
Economic Profits
A rephrased definition: The surplus achieved by a firm after accounting for both the operating expenses and the opportunity costs of all resources employed.
Monopolistically Competitive
A market structure featuring many firms selling products that are similar but not identical, allowing for some degree of market power and price setting.
Long Run
A period in economics during which all factors of production and costs are variable, allowing firms to adjust all inputs.
Deli
A short form for delicatessen, which is a store or counter specializing in prepared foods, sandwiches, and specialty groceries.
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