If prices increase, the money demand curve shifts ______.
a. rightward
b. leftward
c. upward
d. downward
a. rightward
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Which of the following is most likely to be a variable cost in the short run?
a. A fee paid to obtain a license. b. The cost of owning machinery. c. The energy costs of running a factory. d. Rent payments for office space.
Suppose that you are a manager. You are considering whether or not to monitor employees with the payoffs in the normal-form game shown below.ManagerWorker??WorkShirk?Monitor-1,11,-1?Don't Monitor1,-1-1,1Which of the following pairs of strategies constitutes a Nash equilibrium?
A. Manager monitors and worker shirks. B. Manager does not monitor and worker works. C. Manager monitors and worker works. D. None of the answers is correct.
A decrease in long-run average costs resulting from increases in output is
A. attributed to the law of diminishing marginal product. B. attributed to constant returns to scale. C. attributed to economies of scale. D. attributed to diseconomies to scale.
Which of the following would be part of the nation's financial account?
A) A night club show seen by an American in Mexico City B) A dividend from a British equity owned by an American C) A payment to the Philippine government for the use of military bases in their country D) One hundred shares of British Petroleum stock purchased by an American