Which of the following events led to the debate over the applicability of the classical model?
a. World War II
b. World War I
c. Korean War
d. The Great Depression
e. The Great Society
D
You might also like to view...
Which of the following is likely to cause a fall in the wage rate and an increase in the number of workers hired in a local cotton mill?
A) A reduction in wage paid in a nearby jute mill B) The introduction of labor-saving technology in the mill C) The introduction of labor-complementary technology in the mill D) A decrease in the population of the region in which the cotton mill is located
A main trading partner with the U.S. is:
A. Hungary. B. Russia. C. Italy. D. Canada.
Suppose that you are a manager. You are considering whether or not to monitor employees with the payoffs in the normal-form game shown below.ManagerWorker??WorkShirk?Monitor-1,11,-1?Don't Monitor1,-1-1,1Which of the following pairs of strategies constitutes a Nash equilibrium?
A. Manager monitors and worker shirks. B. Manager does not monitor and worker works. C. Manager monitors and worker works. D. None of the answers is correct.
If the price of a good rises by 10% and the percentage increase in the total amount consumers spend on the good is 10%, then the good is
A. elastic. B. perfectly inelastic. C. inelastic. D. unit elastic.