Government policy that decreases the value of its currency _________
a. is called devaluation
b. is called an import control
c. appreciates the exchange rate
d. is helpful to importers
e. is harmful to exporters
A
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The prisoner's dilemma provides an explanation for
a. the price wars that sometimes occur in oligopolies b. the ability of firms in an oligopoly to extract the entire consumer surplus c. the collusive behavior that sometimes occurs in an oligopoly d. the failure of firms in non-competitive industries to maximize profits e. an irrational behavior that occurs in competitive markets
A couple constructs a decision matrix to select which charity will receive a $500 donation. Since "helping children" is the most important criteria to the couple, which of the following weights should it be assigned?
A. .325 B. .25 C. .60 D. .100