The root cause of our selling off piece after piece of our country can be traced to
A. our low interest rates.
B. our high tax rates.
C. our large trade deficits.
D. our low cost of living.
C. our large trade deficits.
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When real planned saving is greater than real planned investment spending
A) real GDP will increase. B) the interest rate will increase. C) the interest rate will decrease. D) real GDP will decrease.
A profit-maximizing firm will pay a worker:
A) the value of the worker's marginal product. B) the revenue that it earns by selling one unit of the product. C) less than the value of the worker's marginal product. D) more than the value of the average revenue of the firm.
In perfect competition, the marginal revenue of an individual firm
A) is zero. B) is positive but less than the price of the product. C) equals the price of the product. D) exceeds the price of the product.
In the "Prisoners' Dilemma" game: a. prisoners are able to collude with one another
b. prisoners are unable to communicate with one another. c. the Nash equilibrium results in prisoners serving the smallest combined prison term. d. the Nash equilibrium results in one prisoner confessing, while the other does not.