Refer to the scenario above. Which of the following is true in this case?
A) Firm A's dominant strategy is to choose Strategy X.
B) Firm B's dominant strategy is to choose Strategy Y.
C) Firm A chooses Strategy X if Firm B chooses Strategy Y.
D) Firm A chooses Strategy Y if Firm B chooses Strategy Y.
D
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Happiness is ______ correlated with income.
a. positively b. negatively c. not d. universally
The election campaign of George Bush to succeed Ronald Reagan as president was
A. hindered due to high levels of unemployment in 1988. B. hindered by the increasing inflationary problems of the late 1980s. C. helped by the budget surpluses generated in the last years of the Reagan administration. D. helped by the continuing low levels of unemployment and inflation in 1988.
A change in the interest rate:
A. has a larger impact on the present value of a payment to be made far into the future than on one to be made sooner. B. has a smaller impact on the present value of a payment to be made far into the future than on one to be made sooner. C. will not make a difference in the present values of two equal payments to be made at different times. D. has a larger impact on the present value of a bigger payment to be made far into the future than on one of lesser value.
A demand curve:
A. has a positive slope. B. illustrates the negative relationship between price and quantity demanded. C. illustrates the positive relationship between price and quantity demanded. D. is based on the assumption of a stable supply curve.