A noncooperative game would refer to a situation in which oligopoly firms
A. are too small to be interdependent.
B. are made worse off by their actions.
C. do not engage in collusive behavior together.
D. behave as a joint monopoly.
Answer: C
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In which of the following industries are workers least likely to suffer from cyclical unemployment?
a. Construction industry b. Automobile manufacturing c. Apparel industry d. Education e. Tourism
The GDP Deflator is different than the CPI in that
A. the GDP deflator uses last year's prices and the present year's production, whereas the CPI uses present prices. B. the GDP deflator doesn't include food and energy prices. C. the CPI is chain-based. D. the CPI includes things businesses buy, while the GDP deflator does not.
The long-run total demand for commodity resources is driven by which of the following forces?
A. Rising number of people alive and an increasing amount of consumption per person B. Stable number of people alive and an increasing amount of consumption per person C. Rising number of people alive and a stable amount of consumption per person D. Rising number of people alive and a decreasing amount of consumption per person
Bonds ________ and stocks ________
A) always pay interest payments forever; always pay dividends forever B) have a fixed number of interest payments; have a fixed number of dividend payments C) may pay interest payments forever; have a fixed number of dividend payments D) have a fixed number of interest payments; may pay dividends forever