The monopoly can shift the demand for its product rightward by
A) accommodating entry.
B) advertising new uses for its product.
C) moving along the learning curve.
D) All of the above.
B
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If a nation has an absolute advantage in producing a good, then it
A) will have a comparative advantage in producing that good. B) will have no need to trade with other nations. C) will always specialize in that good. D) might or might not have a comparative advantage in producing that good. E) will not have a comparative advantage in producing that good.
Provide a definition of the current account, the capital account, and the cash account. What is the relationship between the three accounts?
What will be an ideal response?
While corporations bear the statutory incidence of corporate income tax, the economic incidence is likely borne by:
A. shareholders. B. employees. C. customers. D. All of these likely bear some of the economic incidence.
Consider the accompanying payoff matrix. 
Suppose both players make their choices simultaneously and independently. What is the Nash equilibrium of this game?
A. Player A chooses Up and player B chooses Right. B. Player A chooses Down and player B chooses Right C. Player A chooses Up and player B chooses Left. D. Player A chooses Down and player B chooses Left.