When all firms choose their best strategy given the strategies that all the other firms have chosen, the result is a Nash equilibrium
a. True
b. False
Indicate whether the statement is true or false
True
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A distinction between stocks and bonds is that
A) although the return on a bond is determined by the forces of supply and demand, the return on a stock is set by the stock exchange. B) stocks represent ownership claims to the company and bonds do not. C) bonds must be held for a fixed number of years whereas stocks can be bought and sold at any time. D) bonds can be traded many times in the bond market, while stocks are non-transferable. E) bonds cannot be sold to anyone other than the company that issued it while stocks can be resold to anyone.
If a firm's goal is to maximize revenue, it will price its product to correspond to the unit-elastic segment of its demand curve
Indicate whether the statement is true or false
Immediately after being collected, taxes are deposited in
A) tax and loan accounts. B) the Federal Reserve Bank of New York. C) Federal Reserve district banks around the country. D) the Congressional Vault.
If a nation is going to achieve and sustain a high rate of economic growth, it must
What will be an ideal response?