Which of the following factors explain why the world's trading nations have become increasingly interdependent, from an economic and political viewpoint, during the post-World War II era? Check all that apply.
A. The post-World War II baby boom
B. The aging of the Western population
C. The formations of the European Community and the Organization of Petroleum Exporting Countries
D. The reindustrialization of Europe and Japan
Answer: C. The formations of the European Community and the Organization of Petroleum Exporting Countries
D. The reindustrialization of Europe and Japan
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Which of these financial intermediaries is most likely to invest in new companies that are just starting up and have no track record?
A) Asset management companies B) Hedge funds C) Private equity funds D) Venture capital funds
The figure gives the payoff matrix for two individuals who are being accused of robbing a bank together. What is dominant strategy for Bob?
A) Confess.
B) Don't confess.
C) Flip a coin to decide what to do.
D) There is no dominant strategy.
The most commonly used metric for measuring the value of a national economy is:
A. gross national income, or GNI. B. gross national product, or GNP. C. gross domestic product, or GDP. D. gross domestic income, or GDI.
If the prices of A, B, and C are $2, $3, and $1, respectively, and the consumer has $26 to spend on these three products, what combination of the three products should be purchased in order to maximize utility?
Columns 1 through 3 in the table below show the marginal utility which a particular consumer would get by purchasing various quantities of products A, B, and C.
