Who would be more likely to study the effects of foreign competition on the accounting industry, a macroeconomist or a microeconomist?
microeconomist
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Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 3.1 shows how much of each good Jesse and April can paint in one hour. Jesse's opportunity cost of painting one kite is painting
A) 1/12 of a snowboard. B) 1/8 of a snowboard. C) 1/3 of a snowboard. D) 3 snowboards.
Refer to the payoff matrix below. In reference to the Nash equilibrium/equilibria in this game, which of the following is true?
Camp with Us and Happy Campers compete in the market for campers. Each firm must decide each season if they are going to offer special financing or not. The above payoff matrix shows each firm's net economic profit at each pair of strategies.
A) Camp with Us Offer Financing and Happy Campers Do Not Offer Financing is a Nash equilibrium.
B) Camp with Us Do Not Offer Financing and Happy Campers Do Not Offer Financing is a Nash equilibrium.
C) There are no Nash equilibria in this game.
D) Camp with Us Offer Financing and Happy Campers Offer Financing is a Nash equilibrium.
Which of the following is most likely to cause a leftward shift of the demand curve for a normal good in the current period?
What will be an ideal response?
Which of the following would be classified as precautionary demand for money?
A. You keep a $1,000 in a money market account because the return is better than a savings account at your bank B. You put $1,000 in a savings account at your bank for emergencies C. You put $1,000 in your checking account each month to cover your regular expenses D. You apply for and receive a credit card with a $1,000 limit