A payoff matrix shows ________

A) the various combinations of inputs required to produce a good
B) the return from each action that players can take in a game
C) the different combinations of two goods that can be bought with a given income
D) the payment made to each factor of production for the production of a good

B

Economics

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If $1 U.S. is worth $30 Canadian, then a good that sells for $30,000 in Canada should sell for _____ in the United States

a. $1,000 b. $30,000 c. $3,000 d. $10,000

Economics

What is a supply shock, and why might a supply shock lead to stagflation?

What will be an ideal response?

Economics