General equilibrium occurs in autarky at the point where the community indifference curve intersects the production possibilities frontier
Indicate whether the statement is true or false
FALSE
Economics
You might also like to view...
Year 1 nominal GDP is
A) $200. B) $270. C) $310. D) $390.
Economics
According to the matrix shown, the outcome of the "game" will be:
This prisoner's dilemma game shows the payoffs associated with two firms, A and B, in an oligopoly and their choices to either collude with one another or not.
A. both firms will collude and act like a joint monopolist.
B. both firms will compete.
C. Firm A will compete and Firm B will collude.
D. Firm B will compete and Firm A will collude.
Economics
Why does the structure of a corporate business complicate the analysis of a strategy?
Economics
When the money market is in equilibrium, the bond market is in equilibrium as well
a. True b. False
Economics