Which of the following is true?
a. In equilibrium, with only two countries, the excess demand for loanable funds in one country will equal the excess supply of loanable funds in the other.
b. Countries with net capital inflows tend to be few or no capital outflows
c. Capital flows will tend to decrease real interest rates in countries with a capital inflow.
d. Both a. and c. are correct.
d
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A pure monopoly most likely results in productive inefficiency because at the profit-maximizing level of output ________.
A. MC is not at its minimum level B. P is greater than AVC C. ATC is not at its minimum level D. MR is not zero
In an extensive-form game, payoff to a player is usually higher if ________
A) he follows a pure strategy B) he follows a mixed strategy C) he is the first mover D) he is the second mover
A real appreciation of the dollar is caused by either a nominal appreciation of the dollar, a rise in the foreign price level, or a fall in the U.S. price level
Indicate whether the statement is true or false
As compared to monopoly, a perfectly competitive market typically produces a(n) ______ quantity at a(n) _______ price.
a. higher, higher b. higher, lower c. lower, higher d. lower, lower e. identical, lower