One thing oligopolists must do in order to determine their optimal strategy is
A. ignore the reaction of their rivals to their strategy.
B. ignore the reaction of their customers to their strategy.
C. anticipate the reaction of their rivals to their strategy.
D. anticipate the reaction of government to their strategy.
Answer: C
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Which of the following statements is always true when inflation occurs?
a. The international competitive position of the country is negatively affected. b. The domestic money loses purchasing power. c. None of the above is true. d. All of the above are always true. e. Lenders benefit and borrowers suffer.
Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap. 
A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary
Foreign currency market trading volume in 2016 was estimated to be approximately $3 billion per day.
Answer the following statement true (T) or false (F)
Would Tom install the safety equipment?
a. Yes because it costs him less than it is worth b. Yes because it costs him more than it is worth c. No because it costs him more than it is worth d. No because it costs him less than it is worth