Kornai argued that transition from socialism to capitalism requires the creation of democracy
a. True
b. False
A
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In reality, decisions made by firms may not always produce maximum total profit because some executives
A. are more motivated by altruism. B. are more interested in market share than profits. C. may push research and development to the point that profits decline. D. All of the responses are correct.
An improvement in technology would cause the long-run aggregate-supply curve to shift
a) left. b) downward. c) right. d) not at all but instead to remain constant.
The best example of a public good is
A. education. B. national defense. C. automobiles. D. electricity.
Lee and Cody are playing a game in which Lee has the first move at A in the decision tree shown below. Once Lee has chosen either aggression or cooperation, Cody, who can see what Lee has chosen, must choose either aggression or cooperation at B or C. Both players know the payoffs at the end of each branch. 
In the equilibrium of this game, Lee chooses ________, and then Cody chooses ________.
A. aggression; cooperation B. cooperation; aggression C. aggression; aggression D. cooperation; cooperation