In the United States in 2014, the health care industry was the largest employer in ________ states.

An increase in real GDP can shift

A) money demand to the left and increase the equilibrium interest rate. B) money demand to the right and increase the equilibrium interest rate. C) money demand to the right and decrease the equilibrium interest rate. D) money demand to the left and decrease the equilibrium interest rate.

The theory of oligopolistic interdependence means that the outcome is uncertain because price and output decisions depend on responses of rivals

a. True b. False Indicate whether the statement is true or false

The primary international reserve asset is foreign currency, mainly _____

a. Japanese yen b. eurobonds c. ringgit d. U.S. dollars e. Chinese yuan

One advantage of team production over contracting out is that

a. the cost of negotiating and enforcing contracts is generally lower with team production than with contracting out. b. the principal agent problem is eliminated by team production but cannot be addressed in contracting out. c. costs are always lower with team production because of the elimination of transactions costs. d. efficiency is always greater with team production.