In the "Prisoners' Dilemma" game, an individual player is best off if:
a. both prisoners confess
b. neither prisoner confesses.
c. she confesses and the other prisoner does not.
d. the other prisoner confesses, while she does not.
c
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Which of the following is most likely to be an inferior good?
A. rice B. designer coats C. ocean cruises D. steak
The multiple by which the commercial banking system can expand the supply of money is equal to the
A. reciprocal of the federal funds rate. B. ratio of actual reserves to required reserves. C. reciprocal of the reserve ratio. D. ratio of required reserves to actual reserves.
Other things the same, an increase in the U.S. real interest rate induces
a. Americans to buy more foreign assets, which increases U.S. net capital outflow. b. Americans to buy more foreign assets, which reduces U.S. net capital outflow. c. foreigners to buy more U.S. assets, which reduces U.S. net capital outflow. d. foreigners to buy more U.S. assets, which increases U.S. net capital outflow.
Refer to the table. The real-balances effect of changes in the price level is:
Answer the question on the basis of the following table for a particular country in which C is
consumption expenditures, I g is gross investment expenditures, G is government expenditures,
X is exports, and M is imports. All figures are in billions of dollars. Each question is
independent of other question using the same table, unless otherwise stated.
A. shown by columns (1) and (2) of the table.
B. shown by columns (1) and (5) of the table.
C. shown by columns (1) and (4) of the table.
D. not shown by the data in the table.