Which of the following is assumed constant along a given supply curve for pistachio ice cream?
a. the price of pistachios and the price of pistachio ice cream
b. the price of pistachio ice cream and the price of alternate flavors of ice cream
c. the prices of alternate goods, but not the prices of inputs
d. all variables affecting supply other than the productive capacity of the industry
e. all variables affecting supply other than the price of pistachio ice cream
E
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The short-run aggregate supply curve is positively sloped because
A) real interest rates rather than nominal rates are used. B) no price adjustments take place in the short-run. C) complete price adjustments take place in the short-run. D) some price adjustments take place in the short-run.
A depreciating domestic currency is often perceived to be a sign of a(n):
A) economic expansion. B) strong government. C) weak government. D) global slowdown.
A(n) _____ or a spending plan or guide can be helpful by providing a visible means of controlling money
a. Annuity b. Budget c. Net worth statement d. Money calendar
According to the matrix shown, the firms:
This prisoner's dilemma game shows the payoffs associated with two firms, A and B, in an oligopoly and their choices to either collude with one another or not.
A. both have a dominant strategy.
B. both have an incentive to renege on collusion.
C. both have an incentive to compete.
D. All of these statements are true.