Measures of well-being include:
a. pollution levels
b. infant mortality rates.
c. literacy rates.
d. all of the above.
d
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Which of the following statements is false?
A) There is an indifference curve associated with any combination of goods selected by a consumer. B) A consumer is indifferent among all consumption bundles along a given budget line. C) Consumption bundles that lie on higher indifference curves yield higher utility. D) All consumption bundles along a given indifference curve are equally desirable.
The figure below shows the payoff to two airlines, A and B, of serving a particular route. If the two airlines must decide simultaneously, which one of the following statements is TRUE?
A. The outcome of the game is unpredictable B. Neither firm entering is a Nash equilibrium C. Firm A does not have a dominant strategy D. Firm B does not have a dominant strategy
Some nations such as Ecuador chose dollarization because:
a. the currency was depreciating so rapidly it became nearly worthless. b. Ecuadorians wanted to save dollars for eventual emigration to the U.S. c. the Ecuadorian currency was backed by gold,which was confiscated by government officials. d. All of these are reasons why such countries chose dollarization.
Compared to Western Europe, over the last three decades unemployment in United States has been ________ and the rate of job creation has been ________.
A. higher; slower B. higher; faster C. lower; faster D. lower; slower