Refer to the figure above. In equilibrium, ________
A) Firm 1 will follow Strategy Y, and Firm 2 will follow Strategy X
B) Firm 1 will follow Strategy X, and Firm 2 will follow Strategy Y
C) both firms will follow Strategy X
D) both firms will follow Strategy Y
A
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Refer to Figure 11-2. Based on the per-worker production function above, if the economy raises capital per hour worked from $35,000 to $40,000, by how much will real GDP per hour worked increase?
A) $150 B) $1,850 C) $2,000 D) $5,000
In July 2010, what was the total value of U.S. currency in circulation?
A) $500 million B) $150 billion C) $1080 billion D) $6 trillion
____________is the problem of preventing you from acting opportunistically after buying insurance
a. Moral hazard b. Adverse selection c. Decision making d. None of the above
Why do the regulated companies oppose deregulation?
a. They would be deprived of an opportunity to compete with other firms. b. They would be deprived of their rights to continue business. c. They would be denied any kind of support from the government. d. They would incur losses on account of increased competition. e. They would become unpopular as they would no longer be controlled by the government.