Refer to above Table 2-1. What is the level of Personal Saving?
A) 100
B) 90
C) 80
D) 130
B
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In the foreign exchange market, an increase in the U.S. interest rate leads to ________ in the exchange rate because the supply of dollars ________
A) a fall; decreases B) a rise; increases C) a rise; decreases D) no change; does not change E) a fall; increases
The economic theory of labor markets leads to the conclusion that professional athletes who are paid tens of thousands of dollars per appearance must be paid more than their marginal revenue product
a. True b. False Indicate whether the statement is true or false
The business cycle consists of several stages or phases. Which is the accurate sequence?
A. Recession, upturn, peak, trough B. Recession, trough, upturn, peak C. Recession, peak, trough, upturn D. Recession, peak, upturn, trough
Which of the following is true?
A. A secure strategy is the optimal strategy for a player no matter what the opponent does. B. In an infinitely repeated game with a low interest rate, collusion is unlikely because the game unravels so that effective punishment cannot be used during any time period. C. For a finitely repeated game, the game is played enough times to effectively punish cheaters, and therefore collusion is likely. D. None of the answers is correct.