Pam
A) was a prediction market used to predict terrorist attacks.
B) is another cost of capital model like CAPM
C) stands for Pricing Assets Management
D) none of these choices
A
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A dominant strategy ________
A) always results in equal payoffs to all the players in a game B) always results in zero payoff to the opponent C) results in a higher payoff irrespective of the strategy chosen by the other player D) always results in a lower payoff irrespective of the strategy chosen by the other player
Lizzie's budget line is shown in the figure above. If the price of a cookie falls, the budget line
A) shifts rightward and its slope does not change. B) shifts leftward and its slope does not change. C) becomes flatter. D) becomes steeper.
If a company that drilled for and produced oil acquired a firm which refined oil into gasoline, this would be referred to as a
A) horizontal merger. B) vertical merger. C) conglomerate merger. D) reverse merger.
If the production of a product creates external costs, there is an ____ to production of that good which the government can correct for by ____
a. overallocation of resources; granting a subsidy b. overallocation of resources; imposing a per-unit tax c. underallocation of resources; granting a subsidy d. underallocation of resources; imposing a per-unit tax