Dramatically redistributing income from the rich to the poor could make society worse off
a. True
b. False
Indicate whether the statement is true or false
True
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A dominant strategy is
A) a strategy chosen by two firms that decide to charge the same price or otherwise not to compete. B) a strategy that is the best for a firm no matter what strategies other firms use. C) a strategy that is obviously the best for each firm that is a party to a business decision. D) an equilibrium where each firm chooses the best strategy, given the strategies of other firms.
The balance of trade is sometimes described as the balance of ______________.
a. shipments b. payments c. cash d. exchange
The world's largest debtor nation in terms of debt owed to foreign citizens and governments is:
A. Russia. B. Argentina. C. Japan. D. The United States.
Refer to the information provided in Table 22.3 below to answer the question(s) that follow. Table 22.3 PointAggregate Income (Y)Aggregate Consumption (C) A 15 19 B 30 23 C 45 27 D 60 31 E 75 35 F 90 39The data in the table was used to estimate the following consumption function: C = 20 + 0.2YRefer to Table 22.3. Which of the following points is (are) the best fit for the given consumption function?
A. A B. A, B, C and D C. D and F D. E