This Scenario addresses the economic concept of
A) financial intermediaries. B) deposit insurance.
C) retained earnings. D) present value.
D
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Which of the following would encourage domestic producers to compete internationally?
a. Tax increases b. Policies that make domestic sales more attractive c. Cash payments d. Expropriation e. High-interest loans
In 2015, Richard buys a 2003 Chevrolet minivan from a neighbor. Will this be counted in the GDP for 2015?
a. Yes b. No c. Yes, if sales tax is paid d. No, because the purchase was from an individual not a dealer
Both the Federal Reserve System in the United States and the European Central Bank are comprised of geographically dispersed Banks. How might such decentralization contribute to successful monetary policy?
What will be an ideal response?
The above figure shows the payoff matrix for two firms, A and B, selecting an advertising budget. The firms must choose between a high advertising budget and a low advertising budget. A Nash equilibrium is that
A) firm A selects a high advertising budget and firm B selects a low advertising budget. B) firm A selects a low advertising budget and firm B selects a high advertising budget. C) both firms select a high advertising budget. D) both firms select a low advertising budget.