During periods of hyperinflation, which of the following is the most likely response of consumers?
a. Spend money as fast as possible.
b. Lend money.
c. Invest as much as possible.
d. Save as much as possible.
a
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Firms in perfectly competitive industries are unable to control the prices of te products they sell and are unable to earn a profit in the long run. Which of the following is one reason for this?
Which of the following is an example of the bandwagon effect?
A) A larger cellphone consumer group makes a cellphone service more attractive. B) The more people use Facebook, the more attractive it is to consumers. C) With more broadband services, more high-definition webpages become available. D) All of the above.
In a game, which strategic choice is called a dominant strategy?
The higher the U.S. dollar price per Mexican peso, the __________ Mexican goods are for Americans and the __________ Mexican goods Americans will buy; thus __________ pesos will be demanded
A) more expensive; fewer, more B) less expensive; more, fewer C) more expensive; fewer, fewer D) less expensive; fewer, more E) none of the above