If a strategy is a best response, then
A) it will never be played.
B) it will never be part of a Nash equilibrium.
C) A and B are correct.
D) it could be part of a Nash equilibrium.
D
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If labor productivity growth slows down in a country, this will
A) slow down the increase in real GDP per capita. B) accelerate the increase in nominal GDP. C) slow down the increase in nominal GDP. D) accelerate the increase in real GDP per capita.
Owners of preferred stock received fixed dividend payments while owners of common stock receive dividend payments that vary with the level of profits
a. True b. False Indicate whether the statement is true or false
Which of the following jobs is least likely to be outsourced?
A. Transcription of physicians' records B. Technical assistance over the phone for your computer C. Flipping hamburgers D. Software design
Which of the following is true?
A. Frictional unemployment implies a lack of available jobs. B. During a recession, cyclical unemployment will be low. C. When an economy is at full employment, actual unemployment will be less than the natural rate of unemployment. D. When actual GDP equals potential GDP, the actual unemployment rate will equal the economy's natural rate of unemployment.