The prisoner's dilemma is applicable only when considering the illegal behavior that firms in a non-competitive market may pursue
a. True
b. False
B
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Which of the following was not a prominent New Deal reform?
a. Monetary power was decentralized. b. The gold standard was eliminated. c. Implementation of deposit insurance d. Separation of commercial from investment banking
The Federal Deposit Insurance Corporation (FDIC):
a. insures all demand deposit accounts up to $10 million in banks choosing FDIC protection. b. was created as a government-owned corporation following the creation of the World Bank and the International Monetary Fund after World War II. c. rarely evaluates bank performance to detect weaknesses in operation. d. creates monetary policy in conjunction with the Federal Reserve Board. e. was created to reduce the risk of banking by compensating depositors and keeping bank failures from spreading.
Which of the following models emphasizes the importance of credible, predictable government policies for maintaining full employment with low inflation?
A. the monetarist model B. the Keynesian model C. the supply-side model D. the rational expectations model
"Price" in the statement of the Law of Supply refers to:
A. The amount that buyers are willing and able to pay for each unit of the product B. The cost of producing each unit of the product C. The total revenues that sellers receives for selling a given quantity of the product D. The total amount that buyers pay in order to acquire a given quantity of the product