The interest rate on U.S. government securities is often called the
a. prime rate
b. public discount
c. riskless rate
d. superior rate
e. universal discount
C
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The market for bagels contains two firms: BagelWorld (BW) and Bagels'R'Us (BRU). The owners of the two firms decide to fix the price of bagels. The table below shows how each firm's profit (in dollars) depends on whether they abide by the agreement or cheat on the agreement. 
Suppose the game above is repeated every day, and both firms adopt the following strategy: cooperate on the first day, then if the other firm cheats, cheat the next day, and if the other firm abides, abide the next day. This type of strategy is known as: ________.
A. the cartel solution B. a tit-for-tat strategy C. a prisoner's dilemma D. the golden rule
The slope of an indifference curve represents the maximum amount of one commodity that a consumer is willing to give up in exchange for one more unit of another commodity.
Answer the following statement true (T) or false (F)
The above figure shows four different markets with changes in either the supply curve or the demand curve. Which graph best illustrates the market for coffee after severe weather destroys a large portion of the coffee crop?
A) Graph A B) Graph B C) Graph C D) Graph D
Becca is buying school supplies. She sees that she can buy a 150-page notebook for $2.00 and a set of pens for $6.00. As a result, she knows that a set of pens has the same value as three notebooks. This comparison of value best demonstrates money’s function as a ______.
a. unit of account b. means of deferred payment c. medium of exchange d. store of value