In the diagram above, which figure(s) show(s) an inverse relationship between the variables?
A) both B and C
B) only B
C) both A and C
D) only D
E) only C
B
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The market that coordinates the exchange of productive inputs between the household and business sectors is the
a. stock market. b. goods and services market. c. resource market. d. loanable funds market.
Which of the following would be most likely to maintain that spending increases and larger budget deficits would help promote recovery from the recession of 2008-2009?
a. supply-side economists b. new classical economists c. Keynesian economists d. proponents of the crowding-out theory
When all firms choose their best strategy given the strategies that all the other firms have chosen, the result is a Nash equilibrium
a. True b. False Indicate whether the statement is true or false
A monopoly produces X at a marginal cost of $20 per unit and charges a price of $50 per unit. Determine the elasticity of demand at the profit-maximizing price of $50.
A. ?0.5 B. .67 C. ?.6 D. There is insufficient information to determine the monopoly's price elasticity of demand.