From the neoclassical view, physical capital per person refers to the amount and kind of:
a. machinery and equipment available to help people get work done.
b. processes and money available to help people get work done.
c. equipment and labor available to help people get work done.
d. labor and equipment available to help people get work done.
a. machinery and equipment available to help people get work done.
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Player 1 and Player 2 are playing a game in which Player 1 has the first move at A in the decision tree shown below. Once Player 1 has chosen either Up or Down, Player 2, who can see what Player 1 has chosen, must choose Up or Down at B or C. Both players know the payoffs at the end of each branch. 
What is the equilibrium outcome of this game?
A. Player 1 chooses Down and Player 2 chooses Up. B. Player 1 and Player 2 both choose Down. C. Player 1 chooses Up and Player 2 chooses Down. D. Player 1 and Player 2 both choose Up.
Corporate cultures
A) are part of a strategic plan. B) can limit the effectiveness of a merger. C) arise when transactions costs are very low. D) all of these choices.
The concavity or bowed-out shape of the production possibilities frontier is the result of
a. the law of downward-sloping demand. b. the law of upward-sloping demand. c. the principle of increasing cost. d. complementarity in consumption.
When the economy is operating at full capacity we are in the _____ range of the aggregate supply curve.
Fill in the blank(s) with the appropriate word(s).