As companies expand internationally, they must change their organizational structure and operating strategies to take advantage of regional trading groups.
a. true
b. false
a. true
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Which statement is true of the Battle of the Sexes game?
a. It is a coordination game. b. The mixed-strategy Nash equilibrium provides players with lower expected payoffs than other equilibria. c. The first mover has an advantage in the sequential version. d. All of the above.
Which of the following is an appropriate monetary policy if the Fed wants to increase the money supply?
a. An increase in the required reserve ratio. b. An increase in the discount rate. c. Purchases of bonds in open market operations. d. Higher taxes on interest income.
In the long run, foreign labor remains cheap when and if
a. it becomes highly efficient and competes successfully internationally. b. countries erect barriers to trade between poor countries. c. productivity increases more rapidly in poor countries than in rich countries. d. it remains inefficient compared to other countries' labor.
Which of the following is not correct?
a. If the inflation rate exceeds the nominal interest rate, then the purchasing power of an interest-earning deposit falls over time. b. If there is deflation, then the purchasing power of an interest-earning deposit rises by more than the nominal interest rate over time. c. The higher the rate of inflation, the smaller the increase in the purchasing power of an interest-earning deposit. d. The purchasing power of an interest-earning deposit can increase or decrease over time, but it cannot stay the same.