A ________ is nonrival in consumption and listeners are nonexcludable.
A. concert at a local indoor arena
B. satellite radio signal
C. lecture in your college's auditorium
D. radio signal broadcast through the air
Answer: D
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What is true about threats in the game in Scenario 13.15?
A) Simple can change the equilibrium by means of a credible threat; Boring cannot. B) Boring can change the equilibrium by means of a credible threat; Simple cannot. C) Boring can change the equilibrium by means of a credible threat only if it can move before Simple. D) Simple can change the equilibrium by means of a credible threat only if it can move before Boring. E) Neither firm has a credible threat with which to change this equilibrium.
You own an ice cream store and are concerned that an employee may be giving generous scoops to friends and relatives and smaller scoops to some other customers. This is an example of
a. a moral hazard problem. b. adverse selection. c. behavioral economics. d. signaling.
Which of the following is NOT one of a group of variables that make up the Index of Leading Indicators?
A. New building permits issued B. The unemployment rate C. Index of stock prices D. The money supply
When investment exceeds planned investment, aggregate planned expenditure is __________ than actual aggregate expenditure and inventories are __________ than planned
a) greater; greater b) greater; less c) less; greater d) less; less