The disagreement value in a nonstrategic game is most closely associated with
a. opportunity costs
b. fixed costs
c. variable costs
d. accounting costs
a
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Oligopoly describes a market with:
A. many sellers. B. only a few sellers. C. few or many sellers, but only one buyer. D. one seller.
How can the demand for one good be affected by increased demand for another one?
(A) When goods are bought together, increased demand for one will decrease demand for the other. (B) A drop in price for a good will increase demand for the good and its substitute. (C) If goods are used together, increased demand for one will increase demand for the other. (D) If goods are substitutes for each other, increased demand for one will increase demand for the other.
In a large open economy, the home country's saving and investment equations are: Sd = 200 + 700rw and Id = 300 - 200rw. The foreign country's saving and investment equations are: Sd = 50 + 300rw and Id = 75 - 50rw. In equilibrium, the world real interest rate =
A. 0.40. B. 0.25. C. 0.20. D. 0.10.
Vault cash is equal to $8 million, deposits by depository institutions at the central bank are $2 million, the monetary base is $30 million, and bank deposits are $100 million. The money multiplier is equal to
A. 5.0. B. 4.0. C. 2.5. D. 3.0.