In the United States, a patent gives the patent holder exclusive rights to an invention for typically how many years?
A) 20
B) 5
C) lifetime of patent holder
D) 15
A) 20
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We can infer that the government is following a restrictive fiscal policy when
A) the actual deficit falls. B) the natural employment deficit falls. C) the actual deficit rises. D) the natural employment deficit rises.
Monetarists differ from traditional classical theorists in their belief that
a. velocity is not constant b. the only motive for demanding money is the transactions demand c. investment is very sensitive to changes in the interest rate d. the economy operates at full-employment e. increases in the money supply do not lead to changes in real GDP
You're buying snacks for an Econ Club meeting. You've been given $100 to spend on chips and soda. If bags of chips cost $3 each and soda costs $1 each and you spend as much of your money as possible on chips, how many chips and sodas will you have for the meeting?
A. 33 bags of chips, 0 soda B. 33 bags of chips, 1 soda C. 34 bags of chips, 1 soda D. 34 bags of chips, 2 sodas
Refer to the normal-form game of price competition shown below.Firm AFirm B??CD?A0,75,2?B5,10,8Which of the following represents the set of possible pure strategy Nash equilibria?
A. {C, D} B. {A, B} C. {A, C} D. {(A, C), (A, D), (B, C), (B, D)}