The CPI in 1930 equaled 0.17. The CPI in 1931 equaled 0.15. The rate of inflation between 1930 and 1931 was ________ percent.
A. 11.8
B. -13.3
C. -11.8
D. 1.5
Answer: C
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The above figure shows the payoff to two airlines, A and B, of serving a particular route. If the two airlines must decide simultaneously, how many pure Nash equilibria are there?
A) 0 B) 1 C) 2 D) It cannot be determined.
An industry with a strong union (e.g., UAW)
a. will increase wages in the nonunion sector of the industry b. will increase employment for union workers when wages increase c. can force employers to hire all unions members regardless of the wage d. can increase the demand for union workers by increasing turnover and reducing productivity e. can bargain for wages that are greater than the market's equilibrium wage
Refer to the graph shown. The output range in region b is associated with:
A. diseconomies of scale. B. diminishing marginal productivity. C. constant returns to scale. D. economies of scale.
Dumping refers to selling a product abroad for less than the cost of production
a. True b. False