The United States has had a long history of work time lost due to worker strikes. This trend has
a. increased over time.
b. decreased over time.
c. stayed relatively constant during the past century.
d. been less of a problem compared to other countries such as Japan.
b
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If a country's per capita GDP is initially $100 and then grows for 3 years at 8 percent per year, its per capita GDP at the end of the three years will be around $10,000
a. True b. False Indicate whether the statement is true or false
Refer to the below pay off matrix. If both firms operate independently and do not collude, the most likely profit is:
Answer the question based on the following payoff matrix for a duopoly in which the numbers indicate the profit in thousands of dollars for a high-price or a low-price strategy.
A. $400,000 for firm X and $400,000 for firm Y
B. $725,000 for firm X and $475,000 for firm Y
C. $475,000 for firm X and $725,000 for firm Y
D. $625,000 for firm X and $625,000 for firm Y
Why would the amount of education provided be inefficient if subsidies to education were not provided?
What will be an ideal response?
A firm will continue to produce if total revenue is greater than total variable cost even if total revenue is less than fixed cost
a. True b. False