National defense is an example of a public good.
Answer the following statement true (T) or false (F)
True
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From 1970 to 1995, American productivity
A. decreased. B. remained the same. C. increased at a slower rate. D. increased at a faster rate.
Which of the following best expresses the proceeds a lender receives from a one-year simple loan when the annual interest rate equals i?
A. FV/i B. PV/i C. PV(1 + i) D. PV + i
Economists assume that people are motivated by
A) a desire to please others. B) the interests of the community at large. C) self-interest. D) morally correct behavior.
A Nash equilibrium occurs when each player in a game takes the ________ given the action of the other player
A) worst possible action for himself or herself B) best possible action for himself or herself C) most unpredictable possible action D) most mutually beneficial possible action E) best possible action for the other player