​In the Long Run,in a Competitive Industry

question 28

Multiple Choice

​In the long run,in a competitive industry

• A)​economic profits are zero
• B)firms break even
• C)price equals average cost
• D)​all of the above

Recognize the role of interest rate parity and uncovered interest rate parity in the foreign exchange market.

Evaluate the financial instruments used in foreign exchange, including swaps and options.

Analyze the effects of currency appreciation and depreciation on international trade and investment.

Understand the basic principles of human development across various stages.

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Definitions:

Contextual Influences

Factors or conditions in the surrounding environment that significantly impact the behavior, decisions, or outcomes of individuals or groups.

Gender, Race, Disability

Socially and culturally constructed categories that affect individuals' experiences, opportunities, and personal identities within society.

Proximal Influences

Factors or elements that have a direct and immediate impact on an individual's behavior or attitudes.

Financial Stability

The condition of having a stable financial situation, where income consistently meets or exceeds expenses.