Refer to the below graphs. Which graph depicts a situation where sellers are increasing their output because their product is becoming more popular among buyers?
A. Graph A
B. Graph B
C. Graph C
D. Graph D
B. Graph B
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If the Federal Reserve raises the discount rate, we would expect the
A. AS curve to increase. B. AD curve to increase. C. Investment curve to increase. D. AD curve to decrease.
The difference between a business plan and a budget is:
a. A budget is a one-to-three year planning document, but a business plan is a 10-to-20 year planning document. b. Really, there is no difference c. A budget is a long-term planning document, and a business plan is a very short-term planning document. d. A business plan is a three-to-five year planning document, and a budget is generally a one-to-three year planning document. e. None of the above
Nike and Reebok (athletic shoe companies) are considering whether to advertise during the Super Bowl. Devise a simple prisoners' dilemma game to demonstrate the strategic considerations that are relevant to this decision. Does the repeated game scenario
differ from a single period game? Is it possible that a repeated game (without collusive agreements) could lead to an outcome that is better than a single-period game? Explain the circumstances in which this may be true.
Which of the following is not true for the U.S. payroll tax?
A. The incidence falls mainly on employees. B. It is levied on employers. C. It is levied on employees. D. The incidence falls mainly on employers.