Which of the following causes the world's production possibilities curve to shift to the right?
a. a decline in the world's population due to AIDS
b. a shift from capital goods to consumer goods production
c. a civil war in Iraq, a major world producer of oil
d. the development of a new technology that improves labor's productivity
e. a worldwide recovery from a recession
D
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A strategy is dominant if
A) it yields a greater payoff than any other player receives. B) it yields a payoff at least as large as that from any other strategy, regardless of the actions of other players. C) the player cannot gain by changing strategy, assuming that no other player changes strategy. D) it is part of a Nash equilibrium.
Suppose you decide to set up your fishing enterprise as a corporation. The first thing you need to do is
a. issue stock b. determine dividend levels c. become a stockholder d. obtain a charter from your state government e. notify insurers of your liability