Game theory is a separate model of oligopoly therefore it is of limited value when trying to generally understand firm level behavior

Which of the following assets is most liquid?

a. funds in a checking account b. a car c. ten acres of land d. a television

Which of the following is true of the Industrial Revolution? a. It led to a twofold increase in the population of all nations

b. It led to a twofold increase in the per-capita GDP of all nations. c. It led to the invention of machines, leading to a transition to new manufacturing processes. d. It resulted in a decrease in the foreign reserves of major industrialized nations.