Which of the following is NOT part of the European Union?
A) Luxembourg
B) Austria
C) Portugal
D) Greece
E) Switzerland
E
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A Nash equilibrium occurs if ________
A) each player chooses strategies that are mutual best responses B) each player chooses his or her dominant strategy C) each player chooses only a pure strategy D) each player chooses only a mixed strategy
If the U.S. government starts to sell off its stockpile of cheese,
a. consumers will be less willing to purchase cheese. b. the equilibrium quantity demanded will rise. c. farmers will hoard the cheese they produce. d. the quantity of cheese that spoils before sale will rise.
You could conclude that
A. new firms will enter the industry.
B. existing firms will leave the industry.
C. the industry is in the long run.
Inflation that is ________ than what is expected benefits ________ and hurts ________
A) less; lenders; borrowers B) less; borrowers; lenders C) greater; lenders; borrowers D) greater; lenders; no one