The values of real GDP and real GNP are almost the same for the United States
Indicate whether the statement is true or false
TRUE
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All of the following are characteristics of a chicken game except
A) each player has a tough strategy and a weak strategy. B) coordination occurs when both players either play their tough strategies or both players play their weak strategies. C) each player prefers the Nash equilibrium corresponding to his or her tough strategy. D) each player prefers a different Nash equilibrium.
Price discrimination is a rational strategy for a profit-maximizing firm when
A) it is possible to engage in arbitrage across market segments. B) there is no opportunity for arbitrage across market segments. C) it is not possible to segment consumers into identifiable markets. D) firms want to increase the amount of consumer surplus received by its customers.
The government agency that provides insurance for all checkable deposits up to $100,000 in banks choosing its protection is the:
a. Federal Deposit Insurance Corporation. b. Federal Reserve. c. Office of Management and Budget. d. Treasury. e. Securities and Exchange Commission.
When the crowding-out effect of an increase in government purchases is included in the analysis:
a. AD shifts left, but by more than the simple multiplier analysis would imply. b. AD shifts left, but by less than the simple multiplier analysis would imply. c. AD shifts right, but by more than the simple multiplier analysis would imply. d. AD shifts right, but by less than the simple multiplier analysis would imply.