In the Cournot duopoly model, each of the two firms, in determining its profit-maximizing price-output level, assumes that the other firm's ____ will not change
a. price
b. output
c. marketing strategy
d. inventory
e. none of the above
b
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The rapid depreciation in the dollar from 1985 to 1987 caused net exports during this period
A) to rise as the J curve would have predicted, but with a short lag (less than one year). B) to rise as the J curve would have predicted, but with a long lag (more than one year). C) to fall as the J curve would have predicted, but with a short lag (less than one year). D) to fall as the J curve would have predicted, but with a long lag (more than one year).
Two major exports for the United States are
A) clothing and office machines. B) soybeans and scientific instruments. C) footwear and fish. D) coffee and diamonds. E) none of the above
All of the following are possible funding sources for the government EXCEPT
A. borrowing. B. taxes. C. earnings from investing in company stock shares. D. user charges.
If the economy is on the steep portion of the AS curve and government spending increases, ________ crowds out ________.
A. planned investment; consumption B. government spending; planned investment C. planned investment; government spending D. consumption; planned investment