Game theory can be used to study cartels and their behavior.
a. true
b. false
Answer: a. true
Economics
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Which of the following groups has had declining labor force participation over the past 30 years?
A. Women B. Men C. Teenagers D. Americans
Economics
Profit is the excess of revenue over and above payment for
a. wages. b. rent. c. interest. d. all costs of production.
Economics
Which actor in the simplified circular flow model is on the supply side of the factor market?
A. Households B. Government C. Market for goods and services D. Firms
Economics
Country X has experienced GDP growth of 4 percent and a population growth of 5 percent. What is this country's growth of per capita real GDP?
A) -1 percent B) 1 percent C) 9 percent D) -9 percent
Economics