What is the global economy? A. The total amount of money in each country's economy.
B, All the transactions that occur in the markets in your country's
economy
C. All the transactions that occur in connected markets across the
economies of different countries.
D. The total amount of investment opportunities within each
country

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.