1. notes and coins whose worth is determined and guaranteed by the state is termed ? a. Fiat money
b. gold standard
c. commodity money
d. money of intrinsic value

2. which of the following is part of the public sector of the economy?
a. a public corporation
b. a public company
c. a co-operative
d. a franchise

3. Notes and coins are a main form of money for all of the following reasons EXECPT
a. they are portable
b. they are durable
c. they are easily divisible
d. they will ensure maximum satisfaction of wants
e. other, if other state what it is

Which career pathways require workers to train at special academies? a.emts and emergency dispatchers b.crossing guards and lifeguards c.police officers and firefighters d.lawyers and judges

1. consider a two-firm industry. firm 1 (the incumbent) chooses a level of output qı. firm 2 (the potential entrant) observes qı and then chooses its level of output q2. the demand for the product is p 100 q, where q is the total output sold by the two firms which equals qi +q2. assume that the marginal cost of each firm is zero. a) find the subgame perfect equilibrium levels of qi and q2 keeping in mind that firm 1 chooses qi first and firm 2 observes qi and chooses its q2. find the profits of the two firms-n1 and t2- in the subgame perfect equilibrium. how do these numbers differ from the cournot equilibrium? b) for what level of qi would firm 2 be deterred from entering? would a rational firm 1 have an incentive to choose this level of qi? which entry condition does this market have: blockaded, deterred, or accommodated? now suppose that firm 2 has to incur a fixed cost of entry, f> 0. c) for what values of f will entry be blockaded? d) find out the entry deterring level of q, denoted by q1', a expression for firm l's profit, when entry is deterred, as a function of f. for what values of f would firm 1 use an entry deterring strategy?

Predict how the price of athletic shorts would change if schools banned their use