Refer to the figure below. 
When Row Resorts and Column Cruises both play their dominant strategy:
A. Row Resorts earns a higher profit than does Column Cruises.
B. both firms do better than if they had both played their dominated strategy.
C. Column Cruises earns a higher profit than does Row Resorts.
D. both firms do worse than if they had both played their dominated strategy.
Answer: D
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Three-wheel cars made in North Edsel are sold for 5000 pounds. Four-wheel cars made in South Edsel are sold for 10,000 marks. The real exchange rate between North and South Edsel is four three-wheel cars for three four-wheel cars
The nominal exchange rate between the two countries is A) 0.50 marks/pound. B) 0.66 marks/pound. C) 1.50 marks/pound. D) 2.00 marks/pound.
During World War II, price controls were necessitated as shortages emerged in consumer markets. This required
(a) the federal government to ration goods through tickets. (b) the federal distribution of rationing points. (c) a forced reduction in private consumption. (d) all of the above actions.
With regards to money in the colonies,
(a) the colonies did not produce enough of their own precious metals to coin money. (b) the British did not allow the export of their own coins to the colonies but did not object to foreign coins flowing into the colonies. (c) the British did not allow paper money created by the colonies to be declared legal tender, but this policy did not prohibit the colonists' use of it. (d) all of the above apply.
If loans are $69,000 . excess reserves are $1,400, and checkable deposits are $80,000 . then the required reserve ratio must be:
a. 1.75 percent. b. 12 percent. c. 13.75 percent. d. 17.5 percent. e. 0.12 percent.