Refer to the above data. This nation's exports are:
$9 billion
$28 billion
$16 billion
$24 billion
$24 billion
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What is game theory and what light does it shed on the issues faced by duopolists?
What will be an ideal response?
Within the AD/AS model, if consumers and investors become more optimistic about the future direction of the economy,
a. aggregate demand will decrease. b. aggregate demand will increase. c. long-run aggregate supply will increase. d. long-run aggregate supply will decrease.
The unemployment resulting from wage rigidity and job rationing is called:
A. the natural rate of unemployment. B. the discouraged-worker effect. C. structural unemployment. D. insiders versus outsiders.
One effect of the Internet on business has been:
a. It has reduced start-up costs for many businesses. b. It has decreased the types of goods that are available to consumers. c. It has increased the prices of goods that are not purchased on the Internet.