An increase in the rate of interest, other things being equal, will cause a(n):
a. downward shift in the investment demand curve.
b. movement downward along the investment demand curve.
c. movement upward along the investment demand curve.
d. upward shift in the investment demand curve.
c
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The Coase theorem applies when property rights are given
A) to the victim of pollution but not to the polluter. B) to the polluter but not to the victim. C) to either the polluter or the victim. D) neither to the polluter nor to the victim.
In the prisoner's dilemma game:
A. there is a dominant strategy for both players. B. there is a dominant strategy for only one player. C. there is no dominant strategy for either player. D. there is a dominant strategy for a player depending on what the other player does.
If a firm shuts down in the short run, then
a. total revenue and total cost drop to zero b. total revenue drops to zero, but the firm must still pay its fixed cost c. total revenue drops to zero, but the firm must still pay some variable cost d. total cost drops to zero, but the firm still earns some residual revenues e. neither total revenue nor total cost drops to zero
Since the 1970s, energy use per person in the United States has
A. risen dramatically. B. fallen slightly. C. fallen dramatically. D. risen slightly.