Behaving strategically:
A. means recognizing that the actions of others will affect the trade-offs you face, and acting accordingly.
B. is an essential part of game theory.
C. involves rational decision making.
D. All of these statements are true.
D. All of these statements are true.
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In a recession, automatic stabilization ________ tax revenues and ________ the debt-GDP ratio
A) lowers, raises B) lowers, lowers C) raises, raises D) raises, lowers
The internal rate of return equals the cost of capital when
A) NPV = 0. B) NPV > 0. C) NPV < 0. D) None of the above
The MFC curve
A) lies below the labor supply curve, when the labor supply curve is upward sloping. B) lies above the labor supply curve, when the labor supply curve is upward sloping. C) is the labor supply curve. D) is parallel to the labor supply curve, when the labor supply curve is downward sloping.
Which of the following is a series of rules that stops trading on an exchange for a relatively short period of time?
a. program trading b. market limits c. stop orders d. circuit breakers