The largest spender on research and development in the world (in total dollars or dollar equivalents) is
A. the United States.
B. Japan.
C. China.
D. the United Kingdom.
Answer: A
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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
If the growth rate for GDP was 9 percent and GDP in year 1 was 100, then GDP in year 2 would be
A) 90. B) 109. C) 190. D) 199.
A game with a first-mover advantage is one in which:
A. the player who chooses first gets a higher payoff than those who follow. B. the player who chooses first gets to decide if a repeated game will start with cooperation from the beginning. C. the first player to move determines the payoffs for the rest of the game. D. None of these statements is true.
Corporate management can defend itself against the threat of a hostile takeover in all of the following ways except
a. use of shark repellent activities b. buying its own corporate stock c. acquiring considerably more debt d. finding a white knight e. keeping a large cash reserve for an emergency