If autonomous consumption rises by $40 and, as a result, Real GDP rises by $200, then the multiplier is
A. 4.
B. 5.
C. 6.
D. 10.
E. none of the above
Ans: B. 5.
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The learning curve
A) is really no different from a marginal cost curve. B) calculates average cost at a particular point in time. C) shows the decrease in unit cost as more of the same product is produced over time. D) None of the above
Which of the following is true of basic research? a. Basic research is the search for knowledge that does not aim at answering a specific question
b. Basic research is research that is not complex since it addresses elementary questions. c. Basic research is research that seeks to apply scientific discoveries to the development of specific products. d. Basic research is the search for knowledge to solve a particular problem. e. Basic research is always funded by the central government of a country.
A government good or service includes
A. bridges. B. parks. C. national defense. D. all of these answer options are correct.
When neither player has a dominant strategy,
A) game theory will not provide information. B) no Nash-Equilibrium exists. C) at least one Nash-Equilibrium exists. D) the game cannot be analyzed.