Which of these factors can explain the short recession experienced by the U.S. in 2001?
a. Terrorist attacks
b. The stock market crash
c. Bursting of the real estate bubble
d. A rise in international oil prices
e. Expenditure on war
a
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In most applications of negotiations, they
a. Follow rules of a formal game b. Follow the rules of games like the simultaneous move game of chicken c. Rarely have rules like the ones that characterize formal games d. All of the above
An example of a barrier to entry is
a. patent law b. government regulations c. cost of advertising d. economies of scale e. all of the above
Refer to the information provided in Figure 5.7 below to answer the question(s) that follow.
Figure 5.7The above figure represents the market for pumpkins both before and after the imposition of an excise tax, which is represented by the shift of the supply curve.Refer to Figure 5.7. After the tax, store owners are willing to sell ________ pumpkins at a price of ________ each.
A. 0; $8.50 B. 1,200; $5.50 C. 1,200; $7.25 D. 700; $7.25
Firm A and Firm B emit 300 tons of pollution each and each have marketable permits that allow each to emit 100 tons of pollution
If it costs $5,000 for Firm A to eliminate 100 tons of pollution and it costs Firm B $6,000 to eliminate 100 tons of pollution, then A) Firm B sells its permits to Firm A for a price above $6,000. B) Firm A sells its permits to Firm B for a price below $6,000. C) Firm A sells its permits to Firm B for a price above $6,000. D) Firm B sells its permits to Firm A for a price below $6,000. E) Neither Firm A nor Firm B sells permits because neither has extra permits.