Between the years of 2001 and 2003, what happened to the structural deficit?
A. It declined rapidly.
B. It fell steadily.
C. It increased steadily.
D. It remained fairly constant.
Answer: C
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In the prisoner's dilemma game:
A. a cooperative strategy can lead to a more beneficial outcome for both players. B. a noncooperative strategy will lead to a positive-positive outcome. C. a stable outcome is impossible. D. neither player has a dominant strategy.
Economic growth depends on many factors including adherence to the rule of _____.
a. saving b. perpetuity c. law d. citizenship
Today there is a clear consensus about the best way to design a central bank. What are the criteria for a successful central bank?
What will be an ideal response?
Profit maximization occurs where
A. each factor is used up to the point where its marginal physical product is equal to its marginal factor cost. B. each factor is used up to the point where its marginal revenue product is equal to its marginal factor cost. C. average variable cost equals average total cost. D. average variable cost equals marginal cost.