If the players in the figure shown act in their own self-interest, then we know that Adidas will earn:
A. $8 million.
B. $2 million.
C. $6 million.
D. $10 million.
Answer: C
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An increase in government purchases of $200 billion will shift the aggregate demand curve to the right by
A) less than $200 billion. B) more than $200 billion. C) $200 billion. D) None of the above are correct. This policy shifts the long-run aggregate supply curve.
The slope of the consumption function equals the marginal propensity to consume
a. true b. false
You consider yourself to be a rational consumer. The marginal utility/price ratio of coffee is 12 utils per dollar. If the price of a donut is $0.75, you should only buy the donut if it gives you at least
A) 16 utils of satisfaction. B) 9 utils of satisfaction. C) 12 utils of satisfaction. D) The answer cannot be determined with this information.
Refer to Figure 21.1. If Area I = 1,700 and Area J = 3,300, what is the Gini coefficient?
A) 0.17 B) 0.34 C) 0.52 D) 2.94