A fundamental assumption in game theory is that players do not interact with each other
Indicate whether the statement is true or false
FALSE
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Suppose an economy has output of 2100, government spending of 40, consumption of 1600, and absorption of 1940. Calculate the equilibrium values of investment and net exports
What will be an ideal response?
If you hear that unemployment decreased by 2 percentage points to 6 %in the past year, while the labor force participation rate remained constant, it means:
A. on a net basis, 2 out of every 10 people lost their job in the last year. B. on a net basis, 20 out of every 1,000 unemployed persons found a job in the last year. C. on a net basis, 2 out of every 100 people lost their job in the past year. D. on a net basis, 4 out of every 100 unemployed persons found a job in the last year.
Marginal utility is defined as the
a. average amount of satisfaction gained from consuming a good b. total amount of satisfaction gained from consuming a good c. additional satisfaction gained from consuming one more unit of a good d. total amount of satisfaction gained from consuming a product divided by the number of goods consumed e. total amount of satisfaction gained from consuming a good times the number of goods consumed
Which of the following could not be considered price discrimination?
A. Airlines offering super-saver fares to everyone. B. Movies offering cheap matinees. C. Senior citizen's discounts. D. The issuing of discount tickets to week-end travelers.