Which of the following models results in the highest level of output assuming a fixed number of firms with identical costs and a given demand curve?
A) Cournot
B) Stackelberg
C) Monopoly
D) Cartel
B
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(In/Y) is quite ________ in the U.S. economy, and ________ stay away from its long-run average for several consecutive years
A) stable, yet it can B) stable, so it does not C) volatile, yet it can D) volatile, so it does not
According to the graph shown, if the market goes from equilibrium to having its price set at $10 then:
A. $12 gets transferred from consumer to producer in surplus.
B. $12 gets transferred from producer to consumer in surplus.
C. all consumer surplus lost is gained by producers.
D. all producer surplus lost is gained by consumers.
The slope of a vertical straight line is infinity
a. True b. False
For much of the history of aid, ____________ has been a driving force in decisions about how much to give in foreign aid.
A. the finance gap of receiving countries B. the opportunity cost of investing in developing nations C. the interest rate in the home country D. political strategy