Refer to the information provided in Figure 9.3 below to answer the question(s) that follow.
Figure 9.3Refer to Figure 9.3. This firm's ________ is the firm's marginal cost curve above point B.
A. demand curve
B. average fixed cost curve
C. short-run supply curve
D. marginal revenue curve
Answer: C
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The major advantage of automatic stabilizers is that they
a. guarantee the federal budget will be balanced in a relatively short amount of time. b. institute countercyclical fiscal policy without the delays associated with legislative action. c. automatically produce surpluses during recessions and deficits during expansions. d. require discretionary actions on the part of Congress before they exert an impact on output and employment.
Which of the following statements is true?
A) Treasury bills mature in 2 to 10 years. B) Treasury notes mature in 13 or 26 weeks. C) Treasury bills, notes, and bonds are considered to be very safe investments. D) Municipal bonds are issued to help the federal government build new projects such as highways and stadiums.
Which of the following types of agents moves international cargo, facilitates shipment tracking, and handles product returns for exporters and importers?
A) trade intermediaries B) third party logistics C) customs brokers D) freight forwarders
Tracy and Amy are playing a game in which Tracy has the first move at X in the decision tree shown below. Once Tracy has chosen either the top or bottom branch at X, Amy, who can see what Tracy has chosen, must choose the top or bottom branch at Y or Z. Both players know the payoffs at the end of each branch.The equilibrium to the game results in ________ for Amy and Tracy relative to what they could get if they could solve their ________.
A. lower payoffs; commitment problem B. lower payoffs; prisoner's dilemma C. higher payoffs; commitment problem D. lower payoffs; credible threat