Automatic teller machines and debit cards are examples of
A) electronic funds transfer systems.
B) commodity monies.
C) legal tender in the United States.
D) modern barter systems.
A
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The mangers of Healthy Snacks and Healthy Bars are engaged in a strategic interaction in which their interests are aligned, but there is more than one possible equilibrium. All of the following can help the managers determine the equilibrium outcome except which one?
A) an announcement by Healthy Snacks regarding their future plans, but not an announcement by Healthy Bars regarding their future plans B) the Pareto criterion C) an announcement made by either firm regarding their future plans D) a focal point
If Sarah decides to hit Tom, what would Tom's best response be
a. Tell b. Not tell c. Run d. Hide
The figure below shows a shift in the production-possibility curve of a country from AB to AC. Here, S1 and C1 are the initial production and consumption points, respectively. S2 and C2 are the final production and consumption points, respectively. Which of the following is illustrated by this figure?
A. The benefits of trade in a small country B. The mechanism of reversal in trade pattern C. The immiserizing growth effect in a large country D. The validity of the product cycle hypothesis
The income that people earn in resource or factor markets is called:
A. national income. B. personal income. C. disposable personal income. D. transfer payments.