Which of the following is an accurate statement?
a. Market allocation is illegal because it helps a business make a profit.
b. Market allocation is illegal because it reduces competition.
c. Market allocation is illegal because it is based on price-sensitivity.
d. Market allocation is illegal because it is caused by elasticity of demand.
Ans: b. Market allocation is illegal because it reduces competition.
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Which among the following will happen if the Fed buys bonds from a private bank?
A) The private bank's total assets will decrease. B) The Fed's total assets will decrease. C) The private bank's total assets will increase. D) The Fed's total liabilities will increase.
Refer to the table below. Because the extent of variation in the price of the input is ________ in Country B compared to Country A, it is less risky to plan to purchase the input in Country ________.
The above table provides the probability distribution of price of an input next year in Country A and Country B.
A) lower; A
B) greater; A
C) greater; B
D) lower; B
According to the figure shown, Adidas:
A. should charge a low price, regardless of what Nike chooses to do.
B. should charge a high price, regardless of what Nike chooses to do.
C. does not have a dominant strategy.
D. should take the first-mover advantage and charge a low price.
What factors explain the extended period of economic growth 1992-2000?