In spite of having no natural resources, a country like _____ was able to make itself one of the wealthiest countries in the world because it allowed private ownership
a. India
b. Poland
c. Hungary
d. Hong Kong
e. China
d
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A player is playing a pure strategy when:
A. he chooses a rule to randomize over the choice of a strategy. B. he chooses a strategy without randomizing. C. there is uncertainty in his choice. D. it is not perfectly predictable.
Cutthroat competition is
A. illegal in the U.S. B. a common form of oligopoly in the U.S. C. used only as a last resort by large firms. D. prevalent only in the automobile industry.
If nominal income increases by 4 percent and the price level increases by 3 percent, real income must:
A. decrease by 1 percent. B. decrease by 7 percent. C. increase by 1 percent. D. increase by 7 percent.
The crowding model of occupational discrimination suggests that occupational segregation results in:
A. A lower domestic output than would otherwise be the case B. Higher levels of total employment than would otherwise be the case C. Higher interest rates in the private sector than would otherwise be the case D. A higher rate of inflation than would otherwise be the case