The demand for ________ is a ?derived demand.?
A. ice cream cones on a hot day
B. a hair stylist by a salon owner
C. a birthday cake for your brother
D. tax-free municipal bonds
Answer: B
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The conditions that will always identify a Nash equilibrium include:
a. subjectively getting into the mind of one's opponent b. a reflexive assessment of the best reply responses c. a prospective condition of improvement d. a through c e. b and c only
One macroeconomic goal is to achieve an unemployment rate of zero
a. True b. False
Refer to the figure below. What is the price elasticity of supply at point B and point C? 
A. 1; 1 B. 3; 2 C. 1/2; 3/4 D. 3/4; 1/2
A decrease in the price of digital cameras would lead to a(n):
A. Increase in the price and quantity sold of memory cards B. Decrease in the price and quantity sold of memory cards C. Increase in the price and a decrease in quantity sold of memory cards D. Decrease in the price and an increase in quantity sold of memory cards