Capital stock will increase as long as
A) gross investment exceeds depreciation. B) capital deepening decreases.
C) net investment equals zero. D) depreciation exceeds real GDP.
A
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Game theory is a tool for studying ________
A) Nash behavior B) payoff dilemmas C) rational dilemmas D) strategic behavior
In the collective bargaining process,
A. supply and demand analysis is used to determine the wage. B. the contract can legally cover only the wage or salary determined. C. there is often heated discussion with threats of strikes and counterthreats of lockout. D. the negotiation period is limited to 30 days.
During a certain year, the nominal interest rate was 7 percent, the real interest rate was 4 percent, and the CPI was 198.3 at the end of the year. The CPI at the beginning of the year was
a. 204.2 b. 192.5 c. 178.6 d. 220.1
J.P. owns an oil company. He spends a great deal of money supporting political campaigns and taking elected officials hunting and fishing on his land. He hopes that by doing this, he can persuade them to grant him permits to drill in normally restricted areas. J.P. is engaging in ______.
a. rent seeking b. logrolling c. rational ignorance d. public choice