Which of the following is a means-tested income transfer program?
a. Social Security
b. Medicare
c. unemployment compensation
d. earned income tax credit
d. earned income tax credit
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The rational expectations hypothesis implies that when macroeconomic policy changes
A) the economy will become highly unstable. B) the way expectations are formed will change. C) people will be slow to catch on to the change. D) people will make systematic mistakes.
A merger between Bank of America and Citibank would be a ____ merger.
A. horizontal B. vertical C. conglomerate D. diversifying
Refer to the above table. The equilibrium price of tablets is
A) $500. B) $550. C) $650. D) $700.
In the prisoner's dilemma game:
A. neither player has a dominant strategy. B. both players have a dominant strategy. C. only one player will ever have a dominant strategy. D. All of these may be true in a prisoner's dilemma game.