The ECB has favored using ______ as a target for implementing monetary policy.
A) money supply
B) inflation targets
C) unemployment figures
D) fiscal deficits
Ans: B) inflation targets
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A _____ of representative democracy is it _____
a. downside; increases decision-making costs b. benefit; increases decision-making costs c. downside; reduces decision-making costs d. benefit; reduces decision-making costs
Briefly explain the similarities and differences of decision making by the market sector and the public sector
What will be an ideal response?
The return on human capital
A. cannot be related to the return on physical capital since human capital and physical capital are so different. B. is similar to the return on physical capital. C. tends to be much lower than the return on physical capital. D. tends to be much greater than the return on physical capital.
Leona and Bernie have committed a crime. If Leona denies committing the crime, Bernie can lower his penalty from 5 years to 2 years by confessing to the crime
If Leona confesses to the crime, Bernie can lower his penalty from 18 years to 7 years by confessing to the crime. Based on this information, we know with certainty that A) Bernie's dominant strategy is to deny the crime. B) Bernie has no dominant strategy. C) Bernie's dominant strategy is to confess to the crime. D) Bernie's dominant strategy is to confess to the crime only if Leona denies committing the crime.