In economics, "capital" refers to
a. money
b. stocks, bonds, and other financial assets
c. the seat of government
d. machines, buildings, tools, and knowledge
e. net worth (assets minus liabilities)
D
Economics
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All possible gains from specialization and exchange would be fully exploited only under which market structure?
A) Pure monopoly B) Perfect competition C) Oligopoly D) Structures allowing for price-searching activity E) Structures where entry is restricted
Economics
What is the Nash equilibrium of this game?
a. Cheat, Cheat b. Not cheat, Not cheat c. Sam cheats, Sarah doesn't d. Sarah cheats, Sam doesn't
Economics