A kinked demand curve is perceived by the firm as being:
a. more elastic to the right of the kink
b. more inelastic to the right of the kink
c. more inelastic to the left of the kink
d. present when there is a monopoly
e. bowed-in or bowed-out
b
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Which of the following is assumed to be constant in the quantity theory of money?
a. The money supply b. Real GDP c. The price level d. The velocity of money e. Nominal GDP
When the nation of Duxembourg allows trade and becomes an importer of software,
a. residents of Duxembourg who produce software become worse off; residents of Duxembourg who buy software become better off; and the economic well-being of Duxembourg rises. b. residents of Duxembourg who produce software become worse off; residents of Duxembourg who buy software become better off; and the economic well-being of Duxembourg falls. c. residents of Duxembourg who produce software become better off; residents of Duxembourg who buy software become worse off; and the economic well-being of Duxembourg rises. d. residents of Duxembourg who produce software become better off; residents of Duxembourg who buy software become worse off; and the economic well-being of Duxembourg falls.
Suppose two companies, Macrosoft and Apricot, and considering whether to develop a new product, a touch-screen t-shirt. The payoffs to each of developing a touch-screen t-shirt depend upon the actions of the other, as shown in the payoff matrix below (the payoffs are given in millions of dollars). 
If Macrosoft and Apricot make their decision at the same time, then which of the following statements is correct?
A. The only Nash equilibrium is that both develop a touch-screen t-shirt. B. The game does not have a Nash equilibrium. C. The game has more than one Nash equilibrium. D. The only Nash equilibrium is that neither develops a touch-screen t-shirt.
Describe how business risk affects employees
Please provide the best answer for the statement.