If this is a closed economy, what will the price of a bike be?
A. $20
B. $40
C. $140
D. $100
Answer: D
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If the national incomes of our trading partners increase, then our aggregate demand ________.
A. decreases because consumption decreases B. increases because net exports increase C. decreases because net exports decrease D. increases because consumption increases
The largest proportion of M1 is made up of
A) checking account deposits. B) savings account deposits. C) currency. D) traveler's checks. E) time deposits.
If Boring were able to move first in a sequential version of the game in Scenario 13.15, the equilibrium would be
A) an $80 price for Simple and a $70 price for Boring. B) an $80 price for Simple and a $25 price for Boring. C) a $35 price for Simple and a $70 price for Boring. D) a $35 price for Simple and a $25 price for Boring. E) a mixed strategy equilibrium.
The iterative deletion of dominated strategies refers to the following process:
A. continue removing the weakly dominated strategies until there are no more weakly dominated strategies left to remove. B. continue removing the dominant strategies until there are no more dominant strategies left to remove. C. continue removing the dominated strategies until there are no more dominated strategies left to remove. D. continue removing the best responses until there are no more best responses left to remove.