In the prisoners' dilemma game, each player has only one possible strategy
Indicate whether the statement is true or false
FALSE
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Consider a monopolistically competitive firm that is earning profits in the short run. Which of the following changes will this firm experience in the long run? a. The demand for the good produced by the firm will increase
b. The number of competitors faced by the firm will decrease. c. The market price of the good sold by the firm will decrease. d. The marginal cost of production incurred by the firm will reduce to zero.
The Fed in the U.S
A) allows a flexible exchange rate, though their actions can impact the exchange rate. B) has no influence on the exchange rate. C) sells U.S. dollars to China in an attempt to depreciate the U.S. dollar. D) alternates between a flexible, fixed, and crawling peg exchange rate policy depending on economic conditions.
"New forms" of foreign investment do not include
a. management contracts b. joint ventures c. licensing d. investment insurance e. all of the above are new forms of foreign investment
The appropriate discount rate should not be adjusted for _____
a. inflation b. risk of default c. taxes on interest d. a and c