Implementation of the National Industrial Recovery Act (1933) positively impacted overall industrial production
Indicate whether the statement is true or false
False
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The experimental results of the voluntary contribution game that contradict the predictions of game theory:
A. prove that game theory is wrong. B. suggest very strongly that game theory is wrong. C. could reflect incorrect assumptions about player's preferences. D. have been refuted in subsequent economic experiments.
If MV rises from 180 to 270,
A. PQ will fall by 50%. B. PQ will stay the same. C. PQ will rise by 50%. D. PQ will rise by 100%.
An individual's consumer surplus is the difference between the maximum price that she or he is willing to pay and the actual price.
Answer the following statement true (T) or false (F)
Suppose the U.S. dollar gains strength against the euro (and against other major currencies). This strengthening of the dollar will cause which of the following to occur?
A. The aggregate demand curve will shift to the right and the short-run aggregate supply will shift to the right. B. the aggregate demand curve will shift to the left and the short-run aggregate supply will shift to the left. C. The aggregate demand curve will shift to the right and the short-run aggregate supply will shift to the left. D. The aggregate demand curve will shift to the left and the short-run aggregate supply will shift to the right.