One of the key criteria used to distinguish among different economic systems is:
a. how are allocation decisions made.
b. when are allocation decisions made.
c. where are allocation decisions made.
d. what allocation decisions are made.
a
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In an indefinitely repeated game, a firm might use a ________ to ________ a rival that defects from a cooperative strategy
A) trigger strategy; threaten B) trigger strategy; punish C) legal maneuver; sue D) tacit threat; dissuade
When natural resources are commonly owned, the exhaustion of these resources are evenly spread over current and future periods
a. True b. False Indicate whether the statement is true or false
If the Fed wishes to increase the money supply, it could:
A. buy bonds. B. increase the reserve requirement. C. increase the discount rate. D. print more currency.
When production costs fall,
a) the aggregate-demand curve shifts to the right. b) the short-run aggregate-supply curve shifts to the right. c) the short-run aggregate-supply curve shifts to the left. d) the aggregate-demand curve shifts to the left.