When costs are uncertain, the type of procurement contract that will cover the uncertain costs plus an agreed-upon rate of return is _____
a. fixed fee
b. cost plus fixed fee
c. cost plus percentage fee
d. cost plus incentive fee
c
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In the above figure, at the price level of 140 and real GDP of
A) $15 trillion, firms will not be able to sell all their output. B) $5 trillion, firms will not be able to sell all their output. C) $5 trillion, consumers will not be able to buy all the goods and services they demand. D) $15 trillion, consumers will not be able to buy all the goods and services they demand.
The Mexican peso crisis of 1994 and 1995 was directly related to
A) the start of NAFTA. B) a large capital account surplus. C) a large capital account deficit. D) an undervalued peso. E) a large current account surplus.
Describe the role of business inventory change in determining the equilibrium level of GDP and changes in the level of GDP
It can be shown that the Nash equilibrium would indicate that without any agreements, the best outcome for each large nation would be to:
a. not impose a tariff. b. impose a tariff. c. find other ways to reward their domestic firms. d. impose a consumption tax.