Which of the following is/are NOT price-setting oligopoly models?
A. Stackelberg and Cournot.
B. Cournot.
C. Bertrand.
D. Stackelberg.
Answer: A
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The natural rate of unemployment in the United States generally ________ from 1960 to 1980 and ________ from 1980 to 2000
A) fell; rose B) fell; fell C) rose; fell D) rose; rose
The gap between the value a monopsony places on the last worker hired and the wage paid will increase when
A) the supply curve becomes more elastic at the optimum. B) the supply curve becomes less elastic at the optimum. C) the supply curve becomes horizontal. D) the value of the last unit of labor hired is greater than the cost.
For the United States, suppose the value of exported goods is greater than the value of imported goods. This implies that
A) the domestic currency will depreciate. B) the dollar price of foreign currency will increase. C) the country is running a deficit in its balance of trade. D) the country is running a surplus in its balance of trade.
Refer to the scenario above. What is the net present value of the investment?
A) -$7,112.36 B) -$5,365.10 C) -$475.31 D) $9,524.19