A situation in which each firm chooses the best strategy given the strategies chosen by other firms is called a
A) payoff matrix. B) collusion. C) dominant strategy. D) Nash equilibrium.
D
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One of the major reasons why the United States exports jet airplanes is because Boeing faces ________ opportunity cost than firms in other nations in the production of such aircraft
A) an unrelated B) a lower C) a higher D) an identical E) a nonexistent
Which of the following will shift the supply of loanable funds curve leftward?
A) a decrease in the real interest rate B) a decrease in real wealth C) a decrease in disposable income D) a decrease in expected future income
One factor contributing to the rapid growth of the commercial paper market since 1970 is
A) the fact that commercial paper has no default risk. B) improved information technology making it easier to screen credit risks. C) government regulation. D) FDIC insurance for commercial paper.
Planned investment is the:
A. spending households engage in based on forecasted budget. B. amount that firms decide to allocate to inventory accumulation. C. investment that a firm decides upon as a result of temporary market changes. D. amount that firms decide to allocate to new capital resources and inventory accumulation.