2024-03-31 【題目】 If a fall in the price of good A increases the quantity demanded of good B, A and B are complements 2024-03-29 【題目】 Bonds that have an option exercisable by the issuer to retire them at a stated dollar amount prior to maturity a ...
【題目】The expansion of capital that can occur in the long-run but not in the short-run, means that the long-run supply is 【答案】more elastic than the short-run supply curve.
題目：Nick can purchase each milkshake for $2. For the first milkshake purchased Nick is willing to pay $4, for the second milkshake $3, for the third milkshake $2 and for the fourth milkshake $1. What is the value of Nick's consumer surplus? 答案：3
題目：What would happen to the equilibrium price and quantity of coffee if the wages of coffee-bean pickers fell and the price of tea fell? 答案：Price will fall and the effect on quantity is ambiguous
【題目】 The prisoners’ dilemma is a simple game in which： one party is made better off and another worse off by following independent self-interests. both parties gain by following their own self-in terests. no one gains because each acts indepen ...
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