(Consider This) Capital is a:
A. flow, whereas gross investment and depreciation are stocks.
B. flow, as are gross investment and depreciation.
C. stock, as are gross investment and depreciation.
D. stock, whereas gross investment and depreciation are flows.
D. stock, whereas gross investment and depreciation are flows.
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A tax cut targeted at ____ people may have a bigger effect because a. poorer; poorer people tend to spend a higher share of their income
b. poorer; poorer people tend to spend a lower share of their income. c. wealthier; wealthier people tend to spend a higher share of their income. d. wealthier; wealthier people tend to spend a lower share of their income.
Refer to the normal-form game of price competition in the payoff matrix below.Firm AFirm B??Low PriceHigh Price?Low Price0,050,-10?High Price-10,5020,20Suppose the game is infinitely repeated, and the interest rate is 10 percent. Both firms agree to charge a high price, provided no player has charged a low price in the past. If both firms stick to this agreement, then the present value of firm A's payoffs are:
A. 550. B. 330. C. 110. D. 220.