Refer to Figure 14.2. Other things equal, technological innovation would best be represented by a movement from
A) point A to point B.
B) point B to point A.
C) point C to point B.
D) point B to point C.
A
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If mixed strategies are allowed in the Copycat Game, a Nash equilibrium will result if
a. both players randomly choose their strategies by flipping a fair coin. b. one player randomly chooses his strategy by flipping a fair coin, while the other player uses a pure strategy. c. one player randomly chooses his strategy by flipping an unfair coin, while the other player uses a pure strategy. d. both players stick to using pure strategies.
Applying the analysis from the California test scores to another U.S. state is an example of looking for
A) simultaneous causality bias. B) external validity. C) sample selection bias. D) internal validity.
To increase the money supply, the Fed could
a. sell government bonds. b. increase the discount rate. c. decrease the reserve requirement. d. None of the above is correct.
According to the above figure, the market clearing wage rate is
A. We - Wm. B. We. C. Wm + We. D. Wm.