Which of the following topics is not a part of a typical scenario plan?
a. Expected changes in country infrastructure.
b. Expected changes in labor-management relations.
c. Expected changes in government intervention and regulations.
d. Expected changes in budgets and capital budgeting projects.
e. Expected changes property rights, tax policies, and risks.
.D
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The price ceiling causes a
A. shortage of 45 units. B. surplus of 85 units. C. shortage of 85 units. D. surplus of 40 units.
The prisoner's dilemma shows that
A. players are better off if they act independently. B. players could be better off if they cooperated. C. people will always cheat. D. a game always ends in a positive sum condition.
Which of the following is an interest rate effect that would most likely cause a decrease in the quantity of real GDP demanded in the nation, ceteris paribus?
a. The overall price level falls in Canada, which increases interest rates and increases investment spending. b. The overall price level rises in Finland, which increases interest rates and reduces investment spending. c. The overall price level falls in India, which decreases interest rates, and discourages investment spending. d. The overall price level rises in Brazil, which decreases interest rates and encourages investment spending.
Consumer surplus
a. is represented on a supply-demand graph by the area below the price and above the demand curve. b. measures the benefit buyers receive from participating in a market. c. is the amount a buyer pays for a good minus the amount the buyer is willing to pay for it. d. measures the benefit sellers receive from participating in a market.