A nation's votes at the IMF are proportional to its population
Indicate whether the statement is true or false
FALSE
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Refer to the figure below. If Jess chooses A, then Cory's best response is:
A. to choose the cell in which Cory's payoff is 10. B. non-existent. C. to choose B. D. to choose A.
The increase in technology used to produce a good would
A. move its supply curve to the left. B. cause a movement along the supply curve to a (higher price, higher quantity) point. C. move its supply curve to the right. D. cause a movement along the supply curve to a (lower price, lower quantity) point.
Browsing on the Job The Dunder-Miflin Paper Company has been suffering an even greater spate of shirking by the accounting staff ever since its employees got access to the Internet on their desktop computers. Why did this not affect the sales staff as much?
Apple has been producing the new iPhone throughout 2013, but doesn't plan to sell it until March 2014. How are these iPhones, which are sitting in a warehouse somewhere in the U.S., affecting GDP?
A. They are inventory and will decrease investment in 2013. B. They will increase GDP only in the year they are produced, 2013. C. They are considered inventory until they sell, so investment will increase when they are sold in 2014. D. They are not counted in GDP at all since they were not sold.