Total expenditure equals price times quantity.
Answer the following statement true (T) or false (F)
True
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In 2013, the U.S. spent more on research and development than any other country in the world
a. True b. False Indicate whether the statement is true or false
If the government budget is balanced, and saving is greater than investment, then the
a. current account must be in surplus. b. current account must be in deficit. c. current account balance must be zero. d. capital account must be in surplus.
Refer to the normal-form game of price competition shown below.Firm AFirm B??CD?A0,75,2?B5,10,8Which of the following represents the set of possible pure strategy Nash equilibria?
A. {C, D} B. {A, B} C. {A, C} D. {(A, C), (A, D), (B, C), (B, D)}
Copyrights and trademarks are examples of:
A. capital goods. B. human capital. C. property rights. D. public goods.