Mercosur is a trade agreement between nations
A. in Southern Europe.
B. in South America.
C. in Southeast Asia.
D. in South Africa.
Answer: B
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The above figure shows a payoff matrix for two firms, A and B, that must choose between a high-price strategy and a low-price strategy. The Nash equilibrium in this game
A) does not exist. B) occurs when both firms set a low price. C) occurs when both firms set a high price. D) occurs when firm A sets a high price and firm B sets a low price.
What is the random walk theory?
What will be an ideal response?
Automatic stabilizers refer to
A) the money supply and interest rates that automatically increase or decrease along with the business cycle. B) government spending and taxes that automatically increase or decrease along with the business cycle. C) changes in the money supply and interest rates that are intended to achieve macroeconomic policy objectives. D) changes in federal taxes and purchases that are intended to achieve macroeconomic policy objectives.
The value of goods produced, but unsold, in the current period is:
A. allocated to GDP in future periods when the goods are sold. B. counted in GDP as inventory investment. C. counted in GDP as consumption spending. D. excluded from GDP.