The command economy predominates in countries like North Korea and Cuba
a. True
b. False
Indicate whether the statement is true or false
True
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If the price of a visit to Sea World exceeds the marginal cost of the visit by $13, a producer surplus exists for Sea World." Is this statement true or false? Explain your answer
What will be an ideal response?
Which of the following businesses have limited liability?
A) Mainline Texaco, a gas station downtown with Frank Jones as proprietorship B) Fakker, Chayse, and Blaimm, partners in medical malpractice law C) StrideRite Shoe Company, Inc., a corporation that produces shoes D) Both answers B and C are correct.
In the prisoner's dilemma game:
A. there is a dominant strategy for both players. B. there is a dominant strategy for only one player. C. there is no dominant strategy for either player. D. there is a dominant strategy for a player depending on what the other player does.
If a country has Y > C + I + G, then
a. S > I and it has a trade surplus. b. S > I and it has a trade deficit. c. S < I and it has a trade surplus. d. S < I and it has a trade deficit.