GNP minus depreciation is
A. retained earnings.
B. NNP.
C. GDP.
D. national income.
Answer: B
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If an industry's Herfindahl-Hirschman Index is less than 1, the industry is likely to be
A) competitive. B) an oligopoly. C) a monopoly. D) technologically inefficient.
What are the three basic decisions that any household must make
What will be an ideal response?
What happens as the result of a surplus?
A. Consumers begin to view the good as an inferior good because it is too commonplace. B. There is downward pressure on prices. C. There is upward pressure on prices. D. Demand for the good increases.
Reaching a Nash equilibrium means that:
A. the outcome will be positive-positive. B. the players have failed to reach a stable outcome because one player will always wish to change his strategy once he finds out what the other player is doing. C. a cooperative equilibrium has been reached. D. the players have reached a stable outcome where neither would wish to change his strategy once he finds out what the other player is doing.