How will an increase in the efficiency of the payments mechanism effect velocity?
a. It will decrease.
b. It will increase.
c. It will remain constant.
d. Velocity is unrelated to payments.
b
Economics
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In a prisoner's dilemma game, the Nash equilibrium is better for each player than is the cooperative solution
Indicate whether the statement is true or false
Economics
Cigarettes, Children, and the FDA
Read the press release announcing the FDA's 1996 rule designed to restrict children's access to cigarettes.
Questions:
- Provide a number of reasons justifying government intervention in the economy. Based on your reading of the requirements specified by this rule, which of these reasons applies to this FDA rule?
- Why would cigarette manufacturers have an incentive to target children in their advertising campaigns?
- Why are free samples and the sale of small packages of cigarettes banned by this rule?
Economics
A rise in the domestic interest rate leads to capital outflows and makes the currency depreciate
a. True b. False Indicate whether the statement is true or false
Economics
An increase in the price of butter is likely to cause the demand for:
A. butter to increase. B. butter to d. C. olive oil to increase. D. olive oil to decrease.
Economics