According to international data,
a. U.S. per capita consumption of water is lower than in most other countries
b. water prices are generally equivalent across nations
c. European cities generally pay higher prices for water than cities in the United States
d. water prices across nations tend to defy the Law of Demand
c. European cities generally pay higher prices for water than cities in the United States
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The above figure shows the payoff matrix facing an incumbent firm and a potential entrant. Assuming a fixed cost of entry, the outcome will be that the incumbent
A) deters entry. B) chooses the Stackelberg leader level of output but the potential entrant does not enter anyway. C) chooses the Stackelberg leader level of output and the potential entrant enters. D) deters entry and earns zero profit.
If, in the game in Scenario 13.14, R moves first, it will select
A) Q = 50. B) Q = 100. C) Q = 150. D) a mixed strategy over the three choices that includes some positive likelihood for each Q. E) a mixed strategy over the choices Q = 50 and Q = 100.
The total labor force is 100,000 out of a possible working age population of 160,000. The total number of unemployed is 8,000. What is the unemployment rate?
A. 7 percent B. 6 percent C. 5 percent D. 8 percent
A French citizen lives in Detroit, but works in Windsor, Canada; his income is counted in U.S. GDP
Indicate whether the statement is true or false