Which entity does the graph likely represent?
a. a household
b. a business firm
c. a government
d. the whole economy
a. a household
You might also like to view...
In a pure coordination game, Nash equilibria exist at every outcome where the players successfully coordinate
Indicate whether the statement is true or false
The figure above shows Sam's budget line. Sam's budget line shows
A) which combinations of gasoline and coffee Sam can afford. B) which combinations of gasoline and coffee Sam is planning to purchase. C) whether or not Sam thinks gasoline and coffee are worth their prices. D) whether or not Sam currently has enough gasoline and enough coffee.
One important difference between early and later Keynesians is that
a. early Keynesians were more skeptical of the use of monetary policy. b. early Keynesians were more skeptical of the use of fiscal policy. c. early Keynesians believed that monetary policy was responsible for the Great Depression. d. early Keynesians thought that fluctuations in investment and not consumption drove the Great Depression. e. both a and d.
Conflicts can arise between divisions because
a. some activities across divisions benefit from coordination b. managers of profit centers care too little about the effects of their decisions on other divisions c. managers are rewarded only for how well their own division is run d. all of the above