A current account deficit is matched by a financial account surplus
a. True
b. False
Indicate whether the statement is true or false
True
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The percentage of people living in urban areas decreased surprisingly between 1860 and 1910
Indicate whether the statement is true or false
Perfect competition is characterized by
A) many buyers and sellers. B) a small number of firms. C) differentiated products of firms in the industry. D) high barriers to entry.
Which of the following is TRUE about product markets?
A. Goods and services flow from households to firms. B. Factors (land, labor, capital, and entrepreneurial ability) flow from firms to households. C. Goods and services flow from firms to households. D. Factors (land, labor, capital, and entrepreneurial ability) flow from households to firms.
A ________ occurs if all players in a game play their best strategies given what their competitors do.
A. prisoners' dilemma B. dominant strategy C. Nash equilibrium D. tit-for-tat strategy