A diagram is a good example of a(n)
A. hypothesis.
B. abstraction.
C. theory.
D. concept.
E. instrumentation.
Answer: B
You might also like to view...
Refer to Game Matrix II. Assume this game is played sequentially. When is the Stackelberg equilibrium of this game also Pareto optimal?
Game Matrix II
The following questions refer to the game matrix below. Player A can play the strategies "High" and "Low," and Player B can play the strategies "Odd" and "Even."
a. Always.
b. When A is the first player.
c. When B is the first player.
d. Never.
Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower
If actual output exceeds potential output, the economy:
A. is experiencing a recessionary gap. B. may be in a long-run equilibrium but is not in a short-run equilibrium. C. is experiencing an inflationary gap. D. is in neither a short-run nor long-run equilibrium.
The special-interest theory of government predicts that governments have a strong incentive to pursue policies that are in the public interest.
Answer the following statement true (T) or false (F)