A situation in which firms choose their best strategy given the strategies chosen by the other firms in the market is called

Developing countries have not benefited as much as expected from their higher education programs because of

(a) lack of program focus on the needs of the country. (b) increasing returns to scale in each individual's education. (c) graduates get jobs in the private sector. (d) all of the above.

The monetary transmission mechanism that links monetary policy to GDP through real interest rates and investment spending is called the

A) traditional interest-rate channel. B) Tobins' q theory. C) wealth effects. D) cash flow channel.