Firms have started to use ____ to solicit information about event that are important to them
A) internal markets
B) external networks
C) prediction markets
D) none of these choices.
C
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Factors of production include
A) the economic system. B) land, labor, capital and entrepreneurship. C) labor and capital (not land, which is fixed). D) only capital, land, and labor.
Most monetarists favor:
A. frequent changes in the growth rate of the money supply to avoid inflation. B. placing the Federal Reserve under the Treasury. C. a steady, gradual shrinkage of the money supply. D. a constant increase in the money supply year after year equal to the potential annual growth rate in real GDP.
Suppose that the marginal benefit per dollar spent on pop tarts exceeds the marginal benefit per dollar spent on waffles. The consumer can always increase their utility by buying:
A. more pop tarts and fewer waffles. B. fewer pop tarts and more waffles. C. more of both goods. D. The consumer cannot increase her utility.
Which of the following is a dynamic game?
A) rock-paper-scissors B) flipping pennies C) chess D) the card game "war"