Firms violating antitrust laws are likely to be sued by the federal government, but not by rival firms
a. True
b. False
Indicate whether the statement is true or false
False
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If Yt is I(2), then
A) ?2Yt is stationary. B) Yt has a unit autoregressive root. C) ?Yt is stationary. D) Yt is stationary.
Suppose there are two small island countries: Avarice, which is populated by people who are completely self-interested, and Altruism, which is populated by people who have adopted social norms of generosity and cooperation. If two residents of Avarice play a prisoner's dilemma game, they are likely to:
A. reach the Nash equilibrium less often than would residents of Altruism. B. play their dominated strategies more often than would residents of Altruism. C. reach the Nash equilibrium more often than would residents of Altruism. D. never reach the Nash equilibrium.
If the demand curve is less elastic than the supply curve, then:
A. the buyers will bear a greater tax incidence. B. the sellers will bear a greater tax incidence. C. the buyers will bear a smaller tax burden than sellers. D. the sellers will bear a greater tax burden than buyers.
Which of the following statements is true?
A) Oil is classified as part of the resource category land. B) A person working for a company is classified as part of the resource category capital. C) A machine in a factory is classified as part of the resource category land. D) A person with the particular talent for organizing the resources of land, labor, and capital to produce goods, seek new business opportunities, and develop new ways of doing things is classified as part of the resource category labor. E) a and d