The price of beef increased by 20 percent and the quantity supplied increased by 10 percent. The supply of beef is

In the classical model with an open economy, an increase in government purchases may not cause complete crowding out, but crowding out will be complete worldwide

a. True b. False

Game theory would classify a cartel under the topic of

A) zero-sum games. B) cooperative games. C) noncooperative games. D) dominant-strategy games.