As the inventory of a firm falls
A. its social capital increases.
B. its tangible capital decreases.
C. its intangible capital decreases.
D. there is no change in its capital.
Answer: B
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The government is looking to double the living standards of its population in 18 years, what rate of GDP growth would it need to achieve that?
a. 1% b. 2% c. 3% d. 4%
Whom does the Bureau of Labor Statistics include in the "discouraged workers" group?
a. All those between 16 and 65 who are neither disabled nor in an institution and are also neither employed nor seeking employment. b. Civilian labor force members who have chosen early retirement because they dislike their work or think the pay is too low. c. Members of the noninstitutional population who say they want to be employed but aren't searching for a job. d. Members of the civilian labor force who are looking for a job but cannot find one. e. Anyone in the population who is not working.
Answer the following statement(s) true (T) or false (F)
1. In the prisoners’ dilemma game, the prisoners can talk to each other about their decision. 2. The firms in an oligopoly often behave like the prisoners in the prisoners’ dilemma. 3. The arms race between the United States and the former Soviet Union is a classic example of the prisoners’ dilemma. 4. The tit-for-tat strategy is commonly used in one-shot games between oligopolists. 5. The snob effect is a positive network externality.
M1 refers to:
A. the most narrowly defined money supply definition. B. currency held by the public minus checking account balances. C. the largest of the money-supply definitions. D. M2 plus near monies.