Which major sports' players were locked out during 2011 (whether or not the season was affected)?
A. Hockey and soccer
B. Football and basketball
C. Baseball and football
D. NASCAR and the IRL
Answer: B
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Refer to Scenario 12.2. If each player plays an ideal mixed strategy, then either Jerome or Eliza, but not both, will donate a kidney about ________ of the time
A) 6.25% B) 12.5% C) 37.5% D) 56.25%
Federal Reserve Board Chairmen Paul Volcker, Alan Greenspan, and Ben Bernanke all have focused on which of the following as their main goal of monetary policy?
A) economic growth B) stability of financial markets C) high employment D) price stability
You're called in as a consultant: Price is $24 . At a production level of 200 units, MC = MR, AFC = $6, and AVC = $16 . What do you advise this firm to do?
a. Increase output. b. Decrease output. c. Shut down operations. d. Stay at 200 units; the firm is earning $400 profit. e. Stay at 200 units; the firm is minimizing losses of $200.
One unit of labor in Antardia can produce either 18 pounds of oranges or 9 pounds of apples in a month, while one unit of labor in Vanadia can produce either 16 pounds of oranges or 4 pounds of apples in a month. The opportunity costs of producing 1 pound of orange for one unit of labor in Antardia and Vanadia are: a. 0.25 pounds of apples and 0.5 pounds of apples, respectively. b. 9 pounds of
apples and 4 pounds of apples, respectively. c. 0.5 pounds of apples and 0.25 pounds of apples, respectively. d. 2 pounds of apples and 4 pounds of apples, respectively.