Chris earns $1,500 per week and spends $1,000 per week on living expenses, puts $200 in a savings account, and buys $300 worth of shares in a stock mutual fund. Chris's saving is ________, and Chris's saving rate is ________.
A. $200; 13.3 percent
B. $500; 33.3 percent
C. $300; 20.0 percent
D. $200; 20.0 percent
Answer: B
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Is a player's best response in a game the same as his dominant strategy? Explain
What will be an ideal response?
One way the government can introduce competition into a monopoly industry is to:
A. break up the company along different stages of the production process. B. split it vertically. C. split it horizontally. D. All of these statements are true.
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