Which of the following is directly included in the U.S. GDP for 2013?
i. a 2013 Cadillac Escalade produced and sold as a new car in the United States in 2031
ii. tires produced in the United States, purchased by General Motors, and installed on a new Cadillac Escalade sold in 2013
iii. General Motors cars produced in Canada because General Motors is an American corporation
A) i and iii B) i only C) i, ii, and iii D) ii and iii E) ii only
B
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The term capital budgeting refers to decisions
A) which are made in the short run. B) which concern the spreading of expenditures over a period lasting less than one year. C) where expenditures and receipts for a particular undertaking will continue over a relatively long period of time. D) where a receipt of cash will occur simultaneously with an outflow of cash.
The market demand curve is derived by summing individual demand curves horizontally
a. True b. False Indicate whether the statement is true or false
The tit-for-tat strategy only works for a prisoner's dilemma that:
A. has only one Nash equilibrium. B. does not have a Nash equilibrium. C. is played only one time. D. is repeated.
An American retailer sells dollars to obtain euros. It then uses the euros to buy ready-to-assemble furniture from Sweden. These transactions
a. increase U.S. net capital outflow because foreigners obtain U.S. assets. b. decrease U.S. net capital outflow because foreigners obtain U.S. assets. c. increase U.S. net capital outflow because the U.S. buys capital goods. d. decrease U.S. net capital outflow because the U.S. buys capital goods.