In a Nash equilibrium, neither player wishes to unilaterally change his or her mind
Indicate whether the statement is true or false
TRUE
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If there are only three firms in an industry with 50 percent, 40 percent, and 10 percent of the market, respectively, the Herfindahl Index is
a. 40 b. 100 c. 200 d. 33 e. 4,200
Crowding out can be avoided temporarily if the government's debt is internationalized.
Answer the following statement true (T) or false (F)
Evidence suggests that education raises the earnings of the workforce mainly by
a. increasing the marginal productivity of labor. b. keeping young people out of the labor force, thereby reducing the supply of labor. c. teaching workers how to demand more pay. d. teaching people to read and write, although education beyond this point does not seem to increase worker productivity.
National income equals
A. net national product minus taxes on production and imports and employer contributions to Social Security. B. net national product minus statistical discrepancy. C. gross national product minus depreciation. D. GNP minus depreciation and taxes on production and imports.