Suppose you read in the Wall Street Journal that actual investment in Canada in 2003 was less than the intended investment Canadian businesses had hoped to make. You would conclude that in 2003, the level of inventories in Canada was
a. less than desired and that Canadian output rose
b. less than desired and that Canadian output fell
c. greater than desired and that Canadian output rose
d. greater than desired and that Canadian output fell
e. greater than desired but would be unable to tell what effect it had on Canadian output
A
You might also like to view...
Employers near military bases are aware that wives generally accompany their servicemen husbands when they are transferred. When presented with nonservice-wife applicants and wives of servicemen, they hire the nonservice-wife applicants. This is an example of
A. gender discrimination. B. statistical discrimination. C. economic discrimination. D. prejudicial discrimination.
The market for bagels contains two firms: BagelWorld (BW) and Bagels'R'Us (BRU). The owners of the two firms decide to fix the price of bagels. The table below shows how each firm's profit (in dollars) depends on whether they abide by the agreement or cheat on the agreement. 
Is this game a prisoner's dilemma?
A. Yes, because if both firms played their dominant strategy, they each would earn a higher payoff than when they both play their dominated strategy. B. Yes, because if both firms played their dominated strategy, they each would earn a higher payoff than when they both play their dominant strategy. C. No, because cheating yields the highest payoff for both firms D. No, because neither firm has a dominant strategy