________ is an optimal strategy used in repeated games for getting the other player to cooperate
a. Prisoner's dilemma
b. Tit-for-tat
c. Coordination game
d. One-shot game
b
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Sarah is considering lending an amount of $45,000 to her friend who promises to return $60,000 after the end of ten years
What is the net present value of Sarah's investment? Is it worthwhile to undertake this investment? Assume that the market rate of interest is 6%.
Banks act as an intermediary between savers and borrowers by determining the:
A. price at which the quantity of funds saved will be equal to the quantity invested. B. quantity of funds that will be saved depending on the price. C. quantity of funds that will be borrowed, for any given quantity of savings. D. price at which the quantity of funds saved will be more than enough for those who want to borrow.
Can bankers create money? a. No, they do not have this power
b. No, unless they have a special charter which permits it. c. Yes, through multiple deposit creation. d. Yes, by printing checks for customers.
Why is a family hiring a lawn-care service part of the product market?
a. The mowing firm is presumably owned by a household that purchases products. b. The lawn care firm must purchase products in order to complete the job. c. The mowing firm is providing a product to a household in the form of a service. d. The lawn care firm is providing capital to households by paying its workers’ wages.