Cooperation is possible in a ________ game if both firms ________ know the final period of the game.
A) one-shot; do not
B) finitely repeated; do
C) one-shot; do
D) finitely repeated; do not
D) finitely repeated; do not
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Under the Bretton Woods system, the organization assigned the task of making loans to countries that were experiencing balance of payments difficulties is known as the
A) World Bank. B) International Development Association. C) International Monetary Fund. D) Federal Reserve System.
The Central Bank of Wiknam decreases the money supply at the same time the Parliament of Wiknam repeals a new investment tax credit. Which of these policies shifts aggregate-demand curve to the left?
a) the investment tax credit repeal but not the money supply decrease b) the money supply decrease but not the investment tax credit repeal c) both the money supply decrease and the investment tax credit repeal d) neither the investment tax credit repeal nor the money supply decrease
Government ownership of the media:
A. causes an even greater degree of rational ignorance than private ownership. B. reduces rational ignorance because governments usually require a greater number of news broadcasts. C. is uncommon in African countries. D. decreases the effectiveness of special interest groups.
The large-number-of-sellers condition of perfect competition is met whenÂ
A. there are more sellers than buyers in the market. B. there are more than 50 firms in the industry. C. there are more than 100 firms in the industry. D. each firm is so small relative to the total market that no single firm can influence the market price.