For a given interest rate, r, which of the following expressions is smallest?
a. 1 + r.
b. (1 + r/2)2.
c. (1 + r/12)12
d. (1 + r/365)365.
a
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If the median voter theorem is viewed as a two-player game, with the two players being the candidates running for office, a Nash equilibrium occurs when the candidates hold the most extreme, opposite political views
Indicate whether the statement is true or false
What is the effect on the price and quantity of wooden desks of a rise in the price of wood?
A) The equilibrium quantity of wooden desks increases and the equilibrium price falls. B) The equilibrium quantity of wooden desks increases and the equilibrium price rises. C) The equilibrium quantity of wooden desks decreases and the equilibrium price falls. D) The equilibrium quantity of wooden desks decreases and the equilibrium price rises.