Game theory is used to explain the pricing behavior of
A) monopolies.
B) perfect competition.
C) monopolistic competition.
D) oligopolies.
D
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If the MPC is 0.9, then an increase in taxes of $100 can be expected to __________ consumption by the amount of __________
A) increase; $90 B) decrease; $90 C) increase; $100 D) decrease; $100
The primary effect of an inheritance tax is _____
a. to encourage the liquidation of assets b. provide significant government revenue c. encourage capital formation d. the encouragement of pre-death asset transfers
Security threats, economic desperation, oppression, and family separation often lead to______ , a situation that commonly creates human rights questions even within stable democracies.
Fill in the blank(s) with the appropriate word(s).
An increase in the perceived riskiness of Company A stock ________ the risk premium investors require to purchase Company A stock and ________ the price of Company A stock.
A. decreases; decreases B. increases; decreases C. decreases; increases D. increases; increases