If households decrease the amount of bank account withdrawals, the consumption function may shift upward
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following is most likely to be a monopoly?
A) AOL (America On Line), an Internet service provider B) WABC, a television station C) The Washington Post D) a public water utility
A matrix form is more likely to be found in organizations which:
a. produce one product and operate in a single market. b. produce many products and operate in a single market. c. produce one product and operate in multiple markets. d. produce many products and operate in multiple markets.
In a finitely repeated prisoners' dilemma game
A) firms will only cooperate if they each adopt a tit-for-tat strategy. B) firms cooperate and achieve the collusive Nash equilibrium for all rounds. C) firms cooperate for most of the rounds, but switch to the non-cooperative outcome in the final couple of rounds. D) firms do not cooperate and the static game Nash equilibrium is the outcome for each round.
The Chinese economy has embarked on a large-scale process of privatization since
A. 1949. B. The mid-1950s. C. The mid-1960s. D. The late 1970s.