Wages in American industry are very high because of wage laws
a. True
b. False
Indicate whether the statement is true or false
False
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In a two-period model, holding everything else constant, an increase in future taxes
A) unambiguously increases the current account surplus. B) unambiguously decreases the current account surplus. C) has an uncertain effect on the current account surplus. D) has no effect on the current account surplus, as long as Ricardian equivalence holds.
If the nominal interest rate is 5 percent and there is no inflation, _____
a. the real interest rate exceeds 5 percent b. the real interest rate is less than 5 percent c. the real interest rate is 5 percent d. there is not enough information to determine the real interest rate e. the real interest rate is zero
In order to be successful as an innovator, a firm may require:
a. constant investment in mergers and acquisitions. b. frequent expansion of its scale of operation. c. to invest the majority of its annual profit in market research. d. research facilities and a culture that respects scientists and engineers.
The prisoner's dilemma is a game in which: a. the gains from pursuing self-interest are greater than the gains from cooperation
b. the gains from cooperation are greater than the gains from pursuing self-interest. c. the gains from pursuing self-interest are greater for a smaller firm than for a larger firm. d. the gains from pursuing self-interest are greater for a larger firm than for a smaller firm.