The Cournot Model of Oligopoly assumes that
A) firms decide what quantity to produce.
B) firms make their decisions simultaneously.
C) firms do not cooperate.
D) All of the above.
D
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As a unit of account, money is used to
A) state prices of all goods and services. B) pay off future debts. C) hold purchasing power over time. D) exchange for goods and services.
If the world economy expands so that foreign demand for U.S.-made goods increases, in the short run what will happen to aggregate demand, the price level, and real GDP in the U.S.?
What will be an ideal response?
Globally, on average test scores of eighth-grade math and science students, the U.S. ranks (as of 2011):
A. 5 th and 7 th , respectively. B. 1 st and 1 st , respectively. C. 9 th and 10 th , respectively. D. 8 th and 6 th , respectively.
Explain why Robin Hood's practice of stealing from the rich to give to the poor is never Pareto efficient
What will be an ideal response?