Currently, union membership in the U.S. is
a. declining as a percentage of the labor force
b. remaining constant
c. increasing as a percentage of the labor force
d. increasing in the service sector
e. decreasing among government employees
A
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Reaching a Nash equilibrium means that:
A. the outcome will be positive-positive. B. a cooperative equilibrium has been reached. C. the players have reached a stable outcome where neither would wish to change his strategy once he finds out what the other player is doing. D. the players have failed to reach a stable outcome because one player will always wish to change his strategy once he finds out what the other player is doing.
Which of the following is a stock variable?
a. Government spending b. Investment c. Daily household consumption d. Saving e. Wealth
What are some of the demerits of decentralization?
What will be an ideal response?
In the first calendar quarter a company issues a surprising report saying that it expects profits to rise in the fourth quarter. The theory of efficient markets says we should expect the price of the company's stock to:
A. rise around the third quarter since this information will take time to disseminate. B. rise immediately on the expectation of higher profits in the future. C. fall immediately as stockholders will be disappointed about having to wait until the fourth quarter for higher profits. D. rise in the fourth quarter when the higher profits are actually seen.