If Big Sails and Jet Sails are two competing sailboat firms and Big Sails wants to make a threat to Jet Sails more credible, they can do all of the following except which one?
A) take action to lower the firm's costs
B) make Jet Sails aware of Big Sails' plans
C) take action to increase the firm's capacity
D) keep Jet Sails in the dark regarding Big Sails' plans
D) keep Jet Sails in the dark regarding Big Sails' plans
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Examples of physical capital include _______________________. Examples of human capital include ______________________________
A) knowledge one picks up through education and training; factories and computers B) machines and factories; chairs and desks C) knowledge one picks up through education and experience; factories and machines D) machines and factories; knowledge one picks up through education and training
If a country is a net importer of a good, the price of that good will ________ when the economy goes from closed to open for trade.
A. increase B. stay the same C. decrease D. first increase then decrease
The impact of a decrease in expected inflation in the bond market will have a relatively large effect on the prices of bonds prices because the bond demand curve:
A. will shift right as will the bond supply curve. B. will shift left as the bond supply curve shifts right. C. and supply curves will shift left. D. will shift right but the bond supply curve shifts left.
Excess capacity implies:
A. Productive inefficiency B. Allocation inefficiency C. Productive efficiency D. Allocation efficiency