"Institutionalization" refers to the fact that a(n) __________ percentage of funds in the United States are flowing __________ the financial markets through financial intermediaries
A) increasing; indirectly into
B) decreasing; indirectly into
C) increasing; indirectly out of
D) decreasing; directly out of
B
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Why does cooperative behavior break down in games with finite endpoints?
A) Each player has an incentive to deviate from a cooperative strategy during the last period. B) A Nash equilibrium in pure strategies is not possible in finite repeated games. C) Finite games have the same outcomes as one-period games, and cooperation is not possible in one-period games. D) A Nash equilibrium is only possible in mixed strategies in finite repeated games, but all of the probabilities assigned to particular strategies approach zero as the number of finite game periods becomes large. Thus, we cannot evaluate the expected payoffs in these games.
The ______________ is the amount by which one input can be reduced when one more unit of another input is added while holding the output constant.
Fill in the blank(s) with the appropriate word(s).
Output per labor-hour is used to measure the ________ of labor.
A. productivity B. effort C. intelligence D. seriousness
Which of the following is not a source of productivity gain?
A. Technological advance. B. Higher skills. C. Improved management. D. Economic growth.