(I) Other things constant, countries that invest more will grow more rapidly. (II) The private investment rate of the most economically free countries is nearly twice as much as that of the least free countries
a. I is true; II is false.
b. I is false, II is true.
c. Both I and II are true.
d. Both I and II are false.
C
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If the earnings of Chopo Co are lower than expected, the forecasts will be revised downward and the price of the company's stock will decline
a. True b. False Indicate whether the statement is true or false
??Firm 2???High PriceLow PriceFirm 1High PriceFirm 1 earns $100; Firm 2 earns $100Firm 1 earns $25; Firm 2 earns $150?Low PriceFirm 1 earns $150; Firm 2 earns $25Firm 1 earns $50; Firm 2 earns $50Table 12.2In the game shown in Table 12.2, the firms:
A. both have a dominant strategy of choosing a low price. B. both have a dominant strategy of choosing a high price. C. do not have a dominant strategy. D. will alternate between high price and low price strategies.
Oligopolistic industries are characterized by a
A. few large firms and no barriers to entry. B. few large firms and substantial barriers to entry. C. large number of firms and no barriers to entry. D. large number of firms and substantial barriers to entry.
A budget surplus means that:
A. Government expenditures are greater than revenues in a given year B. Government revenues are greater than expenditures in a given year C. A nation's exports are greater than its imports D. A nation's imports are greater than its exports