Refer to Figure a. Charlie and Joe both want to ride shotgun with their mother, so they play a game of rock-paper-scissors to determine who gets to sit in the front seat. In the table, -1 represents a loss, 1 a win and 0 a tie, and Joe's payoff is shown in the upper left-hand corner of each cell, while Charlie's appears in the lower right-hand corner. If Charlie knows Joe always throws scissors, what is Charlie's best response?
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A. Rock
B. Paper
C. Scissors
D. The answer cannot be determined from the information given.
A. Rock
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The increase in the proportion of women in the labor force causes GDP to _____ the growth in economic well-being because _____.
A. overstate; some of the services that women formerly provided in the home are now purchased in the market B. overstate; the services that women provide in the home do not contribute to economic well-being C. understate; some of the services that women formerly provided in the home are now purchased in the market D. understate; the services that women provide in the home do not contribute to economic well-being
With fixed exchange rates and capital mobility:
a. interest rates in the home country and in foreign countries are equalized. b. interest rates in the home country are higher. c. interest rates in foreign countries are higher. d. monetary policy maintains its autonomy.
If demand is represented as Qd = 24 - P and supply is represented as Qs = 6 + 2P, the demand curve intersects the y axis at a price of ________ and the supply curve intersects the y axis at a price of ________
A. $24; $6 B. $23; $8 C. $30; $3 D. $1; $2
In economics, activities done for others, such as providing house cleaning or dental work, are referred to as
A) technology. B) physical capital. C) services. D) goods.