The typical total-cost curve is U-shaped
a. True
b. False
Indicate whether the statement is true or false
False
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To two hunters, a deer running in a forest is
A) nonrival and nonexcludable. B) nonrival and excludable. C) rival and nonexcludable. D) rival and excludable.
Commitment devices can be:
A. a way to use choice architecture to help you avoid temptation. B. formal policies or products. C. a way for people to voluntarily restrict their choices in order to make it easier to stick to plans. D. All of these statements are true.
Antitrust enforcement is primarily limited by the
a. cooperation of offending firms b. small number of cases c. unwillingness of damaged competitors to press charges d. limited amount of funding allocated by the government e. failure of judges to punish antitrust violators
In a two-economy model of the United States and another large economy made up of the rest of the world, if desired saving by the rest of the world declined,
A. U.S. investment would increase. B. the world real interest rate would increase. C. U.S. saving would decrease. D. the world real interest rate would decrease.