The graph shown best represents:
A. a binding price ceiling.
B. a binding price floor.
C. a missing market.
D. a market for an inferior good.
A. a binding price ceiling.
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Lee and Cody are playing a game in which Lee has the first move at A in the decision tree shown below. Once Lee has chosen either aggression or cooperation, Cody, who can see what Lee has chosen, must choose either aggression or cooperation at B or C. Both players know the payoffs at the end of each branch. 
In the equilibrium of this game, Lee chooses ________, and then Cody chooses ________.
A. aggression; cooperation B. cooperation; cooperation C. cooperation; aggression D. aggression; aggression
If a country moves from fixed to flexible exchange rates, its macroeconomic policy
A) is no longer restricted. B) is restricted, as it can only use fiscal policy to achieve its economic goals. C) is restricted, as it can only use monetary policy to achieve its economic goals. D) must follow policy directives from the IMF.
Most MNEs generate a majority of their revenues in their home regions.
a. true b. false
A government-inhibited good is a good which
A. can be consumed by one individual without affecting the consumption of another individual. B. the political process has deemed socially undesirable. C. is not subject to the principle of mutual exclusivity. D. the political process has deemed socially desirable.