Which of the following markets is closely related to macroeconomics?
a. Cattle futures market. b. Fulton's fish market.
c. Skilled labor market. d. Nation's unemployment rate.
d
Economics
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Attempts by special-interest groups to gain favorable treatment from government are called
a. utility maximizing b. profit seeking c. rent seeking d. profit maximizing e. rent minimizing
Economics
Refer to the game theory matrix where the numerical data show the profits resulting from alternative combinations of advertising strategies for Ajax and Acme. Ajax's profits are shown in the upper right part of each cell; Acme's profits are shown in the lower left. With collusion and no cheating, the outcome of the game is cell:
A. A.
B. B.
C. C.
D. D.
Economics