The legal system based on common law derives from the experience of which country?
A) France
B) England
C) Germany
D) Rome
B
You might also like to view...
Efficiency in a market occurs when the production of the good is such that
A) marginal benefit exceeds marginal cost. B) marginal benefit equals marginal cost. C) marginal benefit is lower than marginal cost. D) the marginal cost stops increasing. E) marginal benefit exceeds marginal cost by the maximum amount possible.
There are two types of open market operations: ________ open market operations are intended to change the level of reserves and the monetary base, and ________ open market operations are intended to offset movements in other factors that affect the
monetary base. A) defensive; dynamic B) defensive; static C) dynamic; defensive D) dynamic; static
A temporary adverse productivity shock would
A) shift the labor supply curve upward. B) decrease the level of employment. C) decrease future income. D) decrease the expected future marginal product of capital.
Backward induction is a useful tool for:
A. finding an optimal strategy in a sequential game. B. finding an optimal strategy in a simultaneous game. C. analyzing the decisions in a prisoner's dilemma-type game. D. Backward induction is useful in any of these games.