Refer to the given data. The domestic opportunity cost of 1 fish in Scandia is:
Answer the question on the basis of the following production possibilities data for Landia and Scandia:
A. 12 chips.
B. 4 chips.
C. 3 chips.
D. 1 chip.
C. 3 chips.
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The Troubled Asset Relief Program (TARP) allowed
A) the Treasury to inject funds into commercial banks in return for stock in the banks. B) the Fed to provide funds to commercial banks in return for stock. C) the Treasury to insure bank deposits at major U.S. banks. D) the Fed to make loans to banks as the lender of last resort.
The total indebtedness of the federal government in the form of outstanding interest-earning bonds is the
a. budget deficit. b. budget surplus. c. national debt. d. trade deficit.
Which of the following is true about inflation?
A. Inflation promotes social harmony by uniting people against the government. B. Inflation is more damaging if it is anticipated. C. Accurate anticipation of inflation is possible for everyone who is well informed about economic events. D. Those who lend money at a rate below the rate of inflation suffer economic losses.
In game theory, the strategy that always yields the highest benefit for the player using it is the
A) dominant strategy. B) cooperative strategy. C) prisoners' strategy. D) matrix strategy.