Dominant strategies
A) are always present in simultaneous games.
B) result in a prisoners' dilemma.
C) result in one firm winning and the other losing.
D) None of the above.
D
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You borrow $10,000 from a bank for one year at a nominal interest rate of 5%. If inflation over the year is 2%, what is the real interest rate you are paying?
A) 2% B) 2.5% C) 3% D) 5%
A manager of a firm based in the United States is interested in entering the Italian market. The manager is most concerned about maintaining total control over operations. Which of the following entry methods will best address the manager's concerns?
A) partnership B) joint venture C) master franchising D) independent entry
An example of a policy aimed at economic development that would also indirectly impact poverty would be:
A. food stamps. B. public investments in education. C. earned income tax credit. D. All of these will cause economic growth and positively impact poverty.
In Figure 1 below if the economy were at Y3 then we would expect there to be:
A. a reduction in inventories.
B. an increase in inventories.
C. no change in inventories.
D. an increase in consumption spending.