Economists call a game that is played more than once:
A. cooperative price play.
B. a repeated game.
C. collusion.
D. a commitment strategy.
Answer: B
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In which market would the price be least likely to be "sticky"?
A) refrigerators B) steel rods C) trucks D) fresh fruit
The natural resources used in production are made available in the
A) government market. B) factor market. C) product market. D) goods and services market.
The growth accounting equation suggests that the growth rate of output is equal to the growth rate of ________
A) total factor productivity plus the contributions of both capital and labor B) total factor productivity minus the rate of depreciation C) capital and labor D) the overall population
A risk-seeker is likely to:
A. buy a government bond instead of a stock. B. put money in a savings account instead of investing in a start-up company. C. invest in a start-up company instead of putting his money under his mattress. D. put his money under his mattress instead of buying company stock.