Which of the following factors affecting decision-making is studied by Behavioral Game Theory?
A) psychological biases
B) limited power of calculation
C) weather forecast
D) A and B are correct
D
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Which of the following can be a source of comparative advantage?
A) Prices of finished goods B) The demand for goods in the global market C) Climatic conditions D) The demand for the goods in the domestic market
The payments made to shareholders from a firm's profits are called
a. owner subsidies b. principal c. coupon payments d. retained earnings e. dividends
Suppose that for each automobile Japan produces it must forego producing 40 computers. The United States must forego producing 80 computers for each automobile it produces. Which of the following is true?
a. Japan has a comparative advantage in producing computers. b. the U.S. has a comparative advantage in producing computers. c. the U.S. has a comparative advantage in producing automobiles. d. the U.S. has an absolute advantage in producing automobiles. e. the opportunity cost of producing computers is the same for Japan and the U.S.
The price ceiling causes a
A. shortage of 45 units. B. surplus of 85 units. C. shortage of 85 units. D. surplus of 40 units.