An unexpected decrease in aggregate demand results in an increase in real interest rates in the short run
a. True
b. False
Indicate whether the statement is true or false
True
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Suppose an oligopolistic market has only two firms. Which of the following is true if the firms refuse to cooperate?
a. Allocative efficiency will be achieved. b. Competition for market share will increase. c. Decision making will be mutually independent. d. Prices will be at the same level as in a monopoly market.
If the value of an environmental benefit realized two years from todayis $970.20, and the annual rate of return is 5 percent, then its present discounted value is
a. $924 b. $880 c. $1,018.71 d. $1069.65
Dr. Robert Park's assertion that "the science is just not that good" falls under which of the following key factors to consider in technology decisions as outlined in the text?
A. competency development B. economic viability C. technological feasibility D. market receptiveness E. organizational culture
Screening occurs when
a. an informed party acts to reveal his private information. b. an informed party acts to conceal his private information. c. an uninformed party acts to induce the informed party to reveal private information. d. an uninformed party acts on its limited information.