If tastes for foreign goods and services go up, then we would expect aggregate expenditure to:
A. remain constant.
B. decrease.
C. increase.
D. increase and then sharply decrease more.
Answer: B
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In a game with multiple Nash equilibria, all of the following can be used to determine the equilibrium of the game except which one?
A) the Focal point B) a coin flip C) the Pareto criterion D) refinements
The efficient level of recycling equates the
A) marginal cost of scrap disposal to the marginal benefit from not using virgin materials. B) marginal cost of recycling to the marginal benefit from not using virgin materials. C) marginal cost of scrap disposal to the marginal cost of recycling. D) marginal private cost of disposal to the marginal cost of recycling. E) per-unit refund from recycled materials to the marginal benefit from not using virgin materials.
Strategy is
a. The art of matching the resources and capabilities of a firm to the opportunities and risks in its environment b. Developing a resource for the company that is both rare and valuable to create competitive advantage c. Making sure that the resource developed is non-fungible to create a sustainable advantage d. All of the above
The percentage of checkable deposits that banks and other financial intermediaries are required to keep in cash reserves is known as:
a. the fractional reserve requirement. b. the excess reserve requirement. c. the required reserve ratio. d. the discount rate. e. M1.