The opportunity cost of holding money is properly measured by the rate of interest on financial assets such as bonds
a. True
b. False
Indicate whether the statement is true or false
True
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Sarah's Soothing Diapers, Inc and Orville's Odorless Diapers, Inc are duopolists, who have agreed to collude. Orville has decided that he will comply with the collusive agreement as long as Sarah cooperated in the previous period
But if Sarah cheated in the previous period, Orville will punish Sarah by cheating in the current period. Orville's strategy is referred to as a A) Nash strategy. B) tit-for-tat strategy. C) trigger strategy. D) monkey-see, monkey-do strategy.
Which of the following expenditures would not be included in GDP?
a. Purchase of a new lawnmower. b. Purchase of a silver cup previously sold new in 1950. c. Purchase of a ticket to the latest movie. d. All of these would be counted in GDP.