When the price of a good decreases, the budget constraint shifts out parallel to the original budget constraint.
Answer the following statement true (T) or false (F)
False
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The successful introduction and adoption of a new product or process is called
What will be an ideal response?
When a central bank is acting as a lender of last resort, it is:
A. providing banks with Treasury bills for free. B. buying long-term Treasury bonds and selling short-term Treasury notes. C. buying Treasury bills directly from the public. D. providing banks with liquidity to meet their obligations.
According to the law of demand, when the price of a good falls
A. the quantity of the good supplied will decrease to meet the decreased demand. B. the quantity of the good supplied will increase to meet the increased demand. C. the quantity of the good demanded tends to fall. D. the quantity of the good demanded tends to rise.
If the payoff to the United States to pursuing nuclear weapons is 100 if the USSR does not pursue nuclear weapons and 50 if they do, and the payoff to the USSR to pursuing nuclear weapons is 80 if the USA doesn't pursue nuclear weapons and 30 if they do, what is the non-cooperative equilibrium?
A) The USA pursues nuclear weapons, the USSR does not. B) The USA pursues nuclear weapons, the USSR pursues nuclear weapons. C) The USA does not pursue nuclear weapons, the USSR does not pursue nuclear weapons. D) The USA does not pursue nuclear weapons, the USSR does pursue nuclear weapons.