The following depicts a normal-form game of price competition.Firm AFirm B??Low PriceHigh Price?Low Price0,025,-5?High Price-5,2510,10What is the maximum interest rate that can sustain collusion?
A. 33 percent
B. 25 percent
C. 66.7 percent
D. 15 percent
Answer: C
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It appears that many business firms discriminate against hiring young women of child bearing age in the United States and that this type of discrimination has been reduced in Europe
This may be an example of successful government intervention because A) many European governments have laws against this type of discrimination. B) many European governments subsidize maternity leave and child care, lowering the cost of hiring these women. C) Europeans are less likely to discriminate on the basis of gender. D) Europeans are more likely to discriminate on the basis of gender.
Each of these statements is true except
A. Female-headed black families with children under 18 have a poverty rate of almost 47%. B. Female-headed white families with children under 18 have a poverty rate of almost 35%. C. All families receiving public assistance are poor. D. All poor families receive public assistance.
If the required reserve ratio is 0.20, what is the maximum amount of money that can be created from a $5 million deposit in the banking system?
A. $25 million B. $50 million C. $5 million D. $20 million