Lenders sell bonds and borrowers buy them
a. True
b. False
Indicate whether the statement is true or false
False
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Which statement about the total variable cost curve is true?
a. It begins at the origin and increases before decreasing again. b. The total variable cost curve is the same at all levels of output. c. The total variable cost curve is increasing but at a decreasing rate. d. It begins at the origin and is always increasing. e. There is no such thing as a total variable cost curve.
Suppose the unemployment rate in 2001 was 4.7, lower than the 5.4 percent unemployment rate that policymakers think is consistent with price level stability. Accepting the dictates of the Phillips curve, they would probably forecast for 2002
a. a higher rate of inflation b. a lower rate of inflation c. a higher rate of GDP growth d. a recession e. an economic stabilization at 4.7 percent unemployment
Which one of the following statements is true?
a. All projects that provide positive net benefits should be approved b. Cost-effectiveness analysis determines the best policy to achieve a given end c. All projects with a benefit/cost ratio of less than one should be approved d. Positional analysis determines the single proposal that provides the greatest net benefits e. Cost-benefit analysis always provides estimates for all costs and benefits associated with a project Feedback
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 firm B's full strategy space?
A. {A, B} B. {A, C} C. {(A, C), (A, D), (B, C), (B, D)} D. {C, D}