Consider the accompanying payoff matrix. 
What is player A's dominant strategy?
A. Left
B. Down
C. Right
D. Up
Answer: D
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A certificate of ownership and claim to part of a firm's profits is called
A) depreciation. B) a stock. C) physical capital. D) a bond. E) a certificate of deposit.
Refer to Figure 3.7. Answer the following questions about the game represented in the figure:
a. What type of game is represented by the payoff matrix? b. Does George have a dominant strategy, and if so, what is it? c. Does Elaine have a dominant strategy, and if so, what is it? d. Does George have a tough strategy, and if so, what is it? e. Does Elaine have a tough strategy, and if so, what is it? f. Are there any Nash equilibria, and if so, what, are they?
What is the shape of a perfectly elastic demand curve? Explain its significance for a seller.
What will be an ideal response?
The computerization of police departments throughout the country has greatly reduced the crime rate. What macroeconomic variable is likely to be directly affected by this change?
A) Productivity B) Inflation C) The real interest rate D) The trade deficit