Consider the competitive market for oil. Which of the following would result from the discovery of new oil fields that can be profitably accessed at the current price?
a. both b and d
b. an increase in the demand for oil
c. an excess demand for oil as oil companies shift resources to developing the new fields
d. an excess supply of oil if the price of oil fails to drop sufficiently
e. an increase in the expected future price of oil
D
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The amount paid for an option is the
A) strike price. B) premium. C) discount. D) yield.
A game with a first-mover advantage is one in which:
A. the player who chooses first gets a higher payoff than those who follow. B. the player who chooses first gets to decide if a repeated game will start with cooperation from the beginning. C. the first player to move determines the payoffs for the rest of the game. D. None of these statements is true.
With reference to the operations of the ABB Group discuss the functioning of matrix form organizations
Which statement is false?
A. Most jobs in defense plants during World War II were held by white males. B. The federal government instituted wage and price controls during World War II. C. Very little new housing was built during the Great Depression and World War II. D. None of the statements are false.