One problem with assets bubbles is that while it is easy to identify them as such in retrospect, it is not easy to do so in advance
a. True
b. False
A
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Which of the following is a characteristic of a corporation but not of a small family-owned business?
a. The corporation buys inputs in markets for the factors of production. b. The corporation sells output in markets for goods and services. c. The corporation is guided in its decisions by the objective of profit maximization. d. The corporation faces a principal-agent problem created by the separation of ownership and control.
According to Keynesian theory, a recessionary gap can be closed using expansionary fiscal policy
Indicate whether the statement is true or false
In the EU in 2005, Microsoft was fined and required to______.
a. pay workers the market wage b. offer bundled and unbundled software c. change its advertising to accurately reflect its products d. charge the same price to all customers regardless of location
The duopolists' dilemma refers to the situation in which:
A. duopolists would be better off maintaining high prices but face an incentive to choose a low price. B. duopolists can only earn high profits by breaking the law. C. duopolists who are engaged in price fixing have an incentive to report the behavior to the government. D. duopolists do not have a dominant strategy.