The intensity of competition in a market can be ________ to inspire a business to undertake innovative activities.
A. too low
B. too great or too low
C. too great
D. not low enough or not great enough
Answer: B
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The graph shows a
A) positive relationship that becomes steeper. B) negative relationship that becomes steeper. C) positive relationship that becomes less stee
Refer to the payoff matrix above. Which of the following is the iterated elimination of dominated strategies outcome of the game?
A) Middle/High
B) High/High
C) Low/High
D) Low/Middle
The marginal product of labor is the
a. value marginal product of labor multiplied by the price of the good produced. b. total output of labor divided by the quantity of labor used. c. additional output resulting from employing one additional unit of labor. d. same as the marginal revenue product of labor in price-taker markets.
The quantity of reserves supplied increases as interest rates rise because
A. the Treasury borrows more at higher interest rates. B. consumers don’t want to borrow as much so more money is left in banks. C. as interest rates rise, banks fear losses so they decrease lending. D. banks find it more profitable to loan out excess reserves to other banks.