This sequential game illustrates a
a. Third mover advantage
b. Second mover advantage
c. First mover advantage
d. No advantage based on moves
c
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Common stock differs from preferred stock in that
a. common stock carries a guaranteed interest return b. preferred stock is only issued to the original creators of the corporation c. preferred stock is only issued to the largest investors in the corporation d. common stock carries the right to vote at shareholder meetings e. preferred stock carries the right to vote at shareholder meetings
In 1990, Britain joined the ERM. If the German Bundesbank increased interest rates, assuming Britain does not maintain its exchange rate peg:
A) the only option available to Britain would be to increase its interest rate. B) the British pound would depreciate. C) the British pound would appreciate. D) the British economy would slow down.
To calculate a firm’s per unit of output profit, it is necessary to subtract
A. price from cost per unit. B. price from resource costs. C. cost per unit from product price. D. cost per unit from cost of resources.
Which of the following is the best measure of the total amount that the federal government owes to private owners of U.S. Treasury securities?
A) the government budget deficit B) the gross public debt C) government interagency borrowing D) the net public debt