The merchandise trade balance of a country equals the value of exported goods minus the value of imported goods
Indicate whether the statement is true or false
true
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The above figure shows the payoff matrix for two firms, A and B, choosing to produce a basic computer or an advanced computer. The dominant strategy for firm A is
A) producing an advanced computer. B) producing a basic computer. C) copying firm B's action. D) Firm A does not have a dominant strategy.
The above graph shows the demand and cost conditions facing a price-setting firm. What is the maximum amount of profit the firm can earn? a -$180
A. $120 B. -$80 C. $60 D. none of the above
If the MPC is 0.5, then the spending multiplier must be:
A. 2.25. B. 2.5. C. 2. D. 1.2.
The time required to acquire information about the state of the economy is referred to as
A) the action time lag. B) the recognition time lag. C) the effect time lag. D) the data lag.