A difference between inventory investment and fixed investment is that
A) fixed investment is never unplanned.
B) fixed investment is never planned.
C) inventory investment is never unplanned.
D) unplanned inventory investment is always zero.
A
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Refer to the scenario above. Which of the following is likely to happen if Rita confesses while Mike does not confess?
A) Both of them will be let free. B) Rita will be let free while Mike will be suspended. C) 10 points will be deducted from their respective scores. D) 10 points will be deducted from Mike's score while Rita will be suspended.
Suppose Jack and Kate are at the town fair and are choosing which game to play. The first game has a bag with four marbles in it-1 red marble and 3 blue ones. The player draws one marble from the bag; if it is red, they win $20 and if it is blue, they win $1. The second game has a bag with 10 marbles in it-1 red, 4 blue, and 5 green. The player draws one marble from the bag; if it is red, they win $20; if it is blue, they win $5; and if it is green, they win $1. Both games cost $5 to play. What is the expected value of the payoff in the first game?
A. $4.75 B. $4.50 C. $5.75 D. $5.00
Under a fixed exchange rate system, if the inflation rate of the United States exceeds the inflation rate of other nations, the:
A. dollar will depreciate. B. dollar will not change. C. United States will develop a trade deficit. D. United States will develop a trade surplus.
In a non-cooperative, imperfect information, simultaneous-choice, one-period game, a Nash equilibrium
A) will never exist. B) will always include dominant strategies. C) will always result in both players taking the same action. D) may not maximize the sum of the firms' profits.