In economics, the factor of production "land" includes all of the following EXCEPT
A) animals, birds, and fish.
B) energy.
C) wild plants.
D) oil.
E) plastics.
E
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Refer to the below table. In the first game:
Answer the question based on the following payoff matrices for a repeated game involving two firms that are considering introducing new products to the market. The numbers indicate the profit from following either a strategy to introduce a new product or a strategy to not introduce a new product.
First game:
A. Introducing a new product is the dominant strategy for both firms
B. Not introducing a new product is the dominant strategy for both firms
C. Introducing a new product is the dominant strategy for firm A while not introducing a new product is the dominant strategy for firm B
D. Not introducing a new product is the dominant strategy for firm A while introducing a new product is the dominant strategy for firm B
If a corporation goes bankrupt, who among the following has first claim on the firm's assets?
A) bondholders B) stockholders C) the state where chartered D) employees
Interest rates set by the European central bank during the period 1999-2004 resulted in what situation compared to that in the United States?
a. European rates were exactly the same as those in the United States, resulting in uncovered interest parity. b. European rates were consistently higher than U.S. rates. c. European rates were consistently lower than U.S. rates. d. At first the European rates were much higher, but then the ECB acted aggressively to lower them.
The joining of two or more firms competing in the same market with the same good or service:
a. Stockholm enterprise b. partnership c. vertical merger d. horizontal merger e. Pineapple Ring