The best definition of unplanned inventory investment is “changes in inventories ______.”
a. that occur after the economy reaches equilibrium
b. due to perceptions of future changes in economic activity
c. that occur due to changes in government spending
d. that result from factors firms did not anticipate
d. that result from factors firms did not anticipate
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If a game is a prisoners’ dilemma, neither player has dominant strategy.
Answer the following statement true (T) or false (F)
The above figures show the market for hamburger meat. Which figure shows the effect when more farmers decide to raise cows that are processed into hamburger meat?
A) Figure A B) Figure B C) Figure C D) Figure D
National saving is defined as the amount of
A) business saving. B) household saving. C) business saving and household saving. D) private saving and government saving.
The figure above shows a graph of the market for pizzas in a large town. What characterizes the equilibrium in this market?
A) There is excess supply at the equilibrium price of $7. B) The government has selected the appropriate price for pizzas. C) The quantity supplied equals the quantity demanded. D) Supply equals demand.