In any country, the population will generally be better off as long as the ____ over time and population ____
a. quantity and quality of output decreases; does not increase faster than real output
b. quantity and quality of output increases; increases faster than real output
c. quantity and quality of output increases; does not increase faster than real output
d. technology improves; increases faster than real output
c
Economics
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A Nash equilibrium occurs if ________
A) each player chooses strategies that are mutual best responses B) each player chooses his or her dominant strategy C) each player chooses only a pure strategy D) each player chooses only a mixed strategy
Economics
If a market is shared equally by 100 firms, the Herfindahl-Hirschman Index is
A) 1/100. B) 1/50. C) 50. D) 100.
Economics