A global network that provides knowledge and resources to developing countries is called the:
A. World Bank.
B. International Resource Fund.
C. United Nations Development Program.
D. World Trade Organization.
C. United Nations Development Program.
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Suppose an economy consists of 500,000 individuals 16 years and older, 260,000 are employed, and 21,000 are unemployed but actively seeking work. In this example the labor force is
A) 239,000. B) 260,000. C) 281,000. D) 500,000.
Refer to Table 21.3. What are the median income and the mean income for Marklar. Are they the same?
What will be an ideal response?
A monopolist faces the inverse demand curve P = 60 - Q. It has variable costs of Q2 so that its marginal costs are 2Q, and it has fixed costs of 30. The monopoly's profit maximizing output is
A) 5. B) 10. C) 15. D) 20.
Answer the following statements true (T) or false (F)
1) The likelihood of a rival's announcement of a planned strategy being truthful depends on the degree to which it's interests align with its rivals. 2) It is not possible for a game to have no pure -strategy Nash equilibria. 3) Mixed strategies are inherently random. 4) A manager's optimal decision regarding their firm's strategy requires that the manager also considers their rival's best response. 5) Cheap talk is an example of a refinement.