A noncooperative game would refer to a situation in which oligopoly firms
A) are too small to be interdependent.
B) do not engage in collusive behavior together.
C) are made worse off by their actions.
D) behave as a joint monopoly.
B
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In the above figure, a movement from point A to point B represents
A) a decrease in the quantity of money demanded. B) a decrease in the demand for money that might be the result of a fall in the price level. C) an increase in the quantity of money demanded. D) an increase in the demand for money that might be the result of an increase in real GDP. E) an increase in the demand for money that might be the result of a fall in the price level.
Which of the following is an example of a bilateral aid?
a. A U.S. commercial bank loan to a Mexican investor b. The establishment of a Brazilian subsidiary by a German firm c. U.S. humanitarian aid to Somalia d. A trade credit extended to Morocco for the purchase of Iranian oil e. A World Bank loan to Kenya
OPEC formed as a result of:
A. a desire to control the pricing on members' resources. B. political agitation against capitalism. C. the need to fix prices. D. the request of OECD.
For any given financial asset, risk levels and average expected rates of return are:
A. independent of each other. B. negatively related because assets with higher average expected rates of return sell for higher prices, which are inversely related to risk. C. positively related because both are inversely related to the rate of inflation. D. positively related because investors must be compensated for taking greater risks.