In the Keynesian model, portfolio decisions of individuals determine the
A) inflation rate.
B) money supply.
C) interest rate.
D) GDP.
C
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Give some examples of opportunity cost.
What will be an ideal response?
Over the period between 1960 and 2010, the increase in unemployment rate was the greatest in
A) early 1960s. B) late 2000s. C) mid 1970s. D) early 1980s. E) early 1990s.
Refer to the above figure. The figure gives the payoff matrix for two individuals who are being accused of robbing a bank together. Which of the following is the outcome with cooperation?
A) Both confess. B) Both don't confess. C) Bob confesses while Harry does not confess. D) Harry confesses while Bo does not confess.
The strategy underlying price discrimination is to
a. charge higher prices to customers who have better access to substitutes. b. charge everyone the same price but limit the quantity they are allowed to buy. c. increase total revenue by charging higher prices to those with the most inelastic demand for the product and lower prices to those with the most elastic demand. d. reduce per-unit cost to the firm by charging higher prices to those with the most inelastic demand and lower prices to those with the most elastic demand.