Which of the following would cause an increase in demand for golf balls?
a. a decrease in the price of golf balls
b. an increase in the price of green fees
c. an expectation by buyers that their incomes will increase in the very near future
d. a change in consumer tastes away from golf and toward tennis
b
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A dominant strategy
A. results in the best outcome for a player if other players also play the same strategy. B. is the best strategy for a player, regardless of the strategy chosen by other players. C. is present in every game. D. is identical to a Nash equilibrium.
As a result of the housing market crash overall output fell, and prices:
A. decreased because the magnitude of shift was smaller for aggregate demand than it was for aggregate supply. B. increased because the magnitude of shift was smaller for aggregate demand than it was for aggregate supply. C. increased because the magnitude of shift was larger for aggregate demand than it was for aggregate supply. D. decreased because the magnitude of shift was larger for aggregate demand than it was for aggregate supply.
Consumer spending
A. Is affected by consumer confidence. B. Is the smallest spending component. C. Is the same as autonomous saving. D. Impacts the aggregate supply curve.
In the mobile device industry, an example of a platform firm is
A) a mobile apps developer. B) a developer of mobile device operation systems. C) a retailer of mobile device accessories. D) a provider of wifi networks.