The ability to share work and share risk is an advantage for
A) sole proprietorships and partnerships.
B) sole proprietorships.
C) sole proprietorships and corporations
D) partnerships.
Answer: D
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Cost-push inflation can be shown on an aggregate supply aggregate demand diagram as
A) a rightward shift of the aggregate supply curve with no change in aggregate demand. B) a rightward shift in the aggregate demand curve with no change in aggregate supply. C) a leftward shift in the aggregate demand curve with no change in aggregate supply. D) a leftward shift in the aggregate supply curve with no change in aggregate demand.
Based on this graph, the year with the biggest deficit took place in the ______.
a. 1940s
b. 1970s
c. 1990s
d. 2000s
Recently, the financial crisis led to a bank run in
A. Brazil. B. Germany and France. C. Japan. D. England.
Answer the following statement true (T) or false (F)
1) If one player in a game has a dominant strategy, the other player must also have a dominant strategy. 2) A player is said to have a dominant strategy when one of the options available is superior, regardless of what strategy the other player chooses. 3) If neither player has an incentive to deviate from the outcome of a game, the outcome is a Nash equilibrium. 4) A Nash equilibrium can only occur in repeated games. 5) One characteristic of sequential games is that they all have first-mover advantages.