A payday loan company has decided to open several new locations in the city. To decide where to open these locations it hires consultants and decides to pay them per location opened. The company should expect to see
a. A large number of badly selected stores
b. A large number of well selected stores
c. A small number of well selected stores
d. A small number of badly selected stores
a
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In sequential games, the player who moves first:
A. sometimes has an advantage and sometimes has a disadvantage. B. has a first-mover advantage only when he or she is able to make a credible threat or promise to choose a dominated strategy. C. always has a first-mover advantage. D. has a first-mover advantage only when the second mover fails to choose the dominant strategy.
In a graph showing the market supply and demand for British pounds in terms of U.S. dollars, the demand-for-pounds curve is downward-sloping because ________.
A. fewer British pounds can be purchased if pounds become less expensive B. more British pounds can be purchased if pounds become less expensive C. fewer U.S. dollars can be purchased if British pounds become less expensive D. more U.S. dollars can be purchased if British pounds become more expensive
The equation underlying the mainstream view of macroeconomics is
A. S = a ? bY. B. MV = PQ. C. C + I + G + NX = GDP. D. GDP = P × Q.
Hyperinflation is
A) inflation caused by negative growth in the quantity of money. B) inflation at a rate that exceeds 5 percent a month. C) only theoretical and has never occurred in the real world. D) inflation caused by excessive growth in the demand for money. E) inflation at a rate that exceeds 50 percent a month.