Refer to the given table. The equilibrium interest rate is:
Answer the question on the basis of the following table:
A. 2 percent.
B. 4 percent.
C. 6 percent.
D. 8 percent.
D. 8 percent.
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The more limited information, the _____ the new classical AS curve
a. flatter. b. steeper. c. horizontal. d. downward sloping. e. none of the above.
Farm subsidies
A. enable industrial nations to export much of their agricultural output at artificially low prices. B. in the world's richest nations amount to over $300 billion. C. make it more difficult for less developed nations to purchase capital equipment from U.S. manufacturers such as Caterpillar. D. All of the choices are true.
? Assume there is a relationship between two variables and the other-variables-held constant assumption (ceteris paribus) is relaxed. We would expect that the line representing this relationship would:
A. ?change from inverse to direct. B. ?change from direct to inverse. C. ?have a greater number of data points. D. ?change its location.
Which of the following is a difference between a pure strategy and a mixed strategy?
A. When a player assigns a probability to an action, it is a pure strategy, while in a mixed strategy players choose their actions sequentially. B. A pure strategy has an element of surprise, while a mixed strategy can be easily predicted by rivals. C. A pure strategy involves all players making their moves simultaneously, while a mixed strategy minimizes the losses of players. D. When a player chooses a specific action in a game, it is a pure strategy, while in a mixed strategy players randomize.