The public enterprise usually pursues a well defined purpose with exact controls over its behavior
Indicate whether the statement is true or false
F The purpose of a public enterprise can be quite vague and to the extent it is controlled by a break-even constraint it has wide scope to arrange its activities, because a break-even constraint is not very limiting. See 12.2.
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When the market generates an equilibrium price, we know that
a. the quantity demanded is higher than the quantity demanded associated with a market that is not in equilibrium b. excess demand and excess supply are zero c. increases in quantity demanded are matched by increases in quantity supplied d. it is the most profitable price for suppliers e. all demanders who want the good will get it
A firm will have constant profits of $100,000 per year for the next four years, and the interest rate is 6 percent. Assuming these profits are realized at the end of each year, what is the present value of these future profits?
A. $346,510.56 B. $325,816.49 C. $376,741.64 D. $400,000.85
Which of the following is true for an expansionary fiscal policy?
A. It causes an increase in the aggregate demand. B. It decreases the level of imports. C. It leads to a fall in the interest rate. D. It has no impact on the aggregate output.
Refer to the information provided in Table 14.6 below to answer the question that follows. Table 14.6B's Strategy ?AdvertiseDon't Advertise??A's profit $150 millionA's profit $400 million?AdvertiseB's profit $150 millionB's profit $100 millionA's Strategy????Don'tA's profit $100 millionA's profit $200 million?AdvertiseB's profit $400 millionB's profit $200 millionRefer to Table 14.6. The result of this game is a prisoners' dilemma. In which of the following cases is it most likely that the firms will be able to overcome the prisoners' dilemma?
A. repeated play B. a single interaction C. government intervention D. when both firms follow a maximin strategy