The failure of the McDonald's Arch Deluxe burger was an example of:
A. economic profit.
B. consumer sovereignty.
C. an increase in demand.
D. technological advances.
Answer: B
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Which of the following industries was not deregulated during the 1970s and 1980s?
a. airline industry b. auto industry c. banking industry d. trucking industry
Seven of the 50 states account for approximately half of all union members in the United States.
a. true b. false
First-mover advantage is:
A. more important in a repeated game than in a sequential game. B. more important in a repeated sequential game than in a one-round sequential game. C. more important to those who have less to bargain with. D. more important in an ultimatum game than in a repeated game.
Bottles of very fine wine are less liquid than demand deposits
a. True b. False Indicate whether the statement is true or false