Among the reasons that the poor countries have been unable to close the "technology gap" with the rich countries is
A) poorly established property rights.
B) poorly developed financial markets.
C) low education levels.
D) all of the above
E) none of the above
D
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The purpose of having the members of the Board of Governors of the Federal Reserve serve fourteen-year terms is to
A) establish long-standing ties with high-level officials of other nations' central banks. B) ensure that the governors become well-experienced at policymaking. C) promote unity of opinion from shared time together. D) insulate the governors' policy decisions from the influence of presidential elections and politics.
A Nash equilibrium occurs when each player in a game takes the ________ given the action of the other player
A) worst possible action for himself or herself B) best possible action for himself or herself C) most unpredictable possible action D) most mutually beneficial possible action E) best possible action for the other player
During World War II (1941–45), the market coordinated what the government commanded in terms of production
Indicate whether the statement is true or false
Which of the following was not illegal under the original Clayton Act?
a. Tying contracts. b. Interlocking directorates. c. Merger by purchase of assets with cash. d. All of these were illegal under the original Clayton Act.