QN=67 (17776) Which of the following statistic is usually regarded as the best single measure of a society's economic well-being?
a. the unemployment rate
b. the inflation rate
c. gross domestic product
d. the trade deficit
c. gross domestic product
You might also like to view...
Money market mutual funds
A) are included in M2 but not M1. B) are included in M1 but not M2. C) are included in M1 and M2. D) are the largest part of the monetary base. E) None of the above is correct.
By reducing the required reserve ratio, the Fed can not only create excess reserves but also increase the money multiplier
a. True b. False Indicate whether the statement is true or false
Nonsmoking sections in restaurants are designed to remove ____ from a market ____
a. smoke; with food service b. third parties; for food service c. externalities; with public goods d. third parties; externality e. nonsmokers; for food service
If you advertise and your rival advertises, you each will earn $4 million in profits. If neither of you advertises, you will each earn $10 million in profits. However, if one of you advertises and the other does not, the firm that advertises will earn $1 million and the non-advertising firm will earn $5 million. If you and your rival plan to hand your business down to your children (and this "bequest" goes on forever), then a Nash equilibrium is for each firm to:
A. always advertise. B. advertise until the rival does not advertise, and then not advertise forever. C. not advertise until the rival does, and then to advertise forever. D. never advertise.