The exchange rate regime that is best for most nations
A) is unclear.
B) is fixed exchange rates.
C) is floating exchange rates.
D) is a mixture of fixed and floating regimes.
A
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The typical by-product of policies that create more equality by making the rich worse off is _____
a. an increase in the economic multiplier b. a decline in conspicuous consumption c. and increase in social stratification d. a lowering of economic productivity
Before the breakup of AT&T several years ago, profits on long-distance calls offset losses on basic residential service. This practice is known as
a. abuse of monopolistic power. b. cream skimming. c. cross-subsidization. d. the Ramsey rule.
Suppose Jordan and Lee are trying to decide what to do on a Friday. Jordan would prefer to see a comedy while Lee would prefer to see a documentary. One documentary and one comedy are showing at the local cinema. The payoffs they receive from seeing the films either together or separately are shown in the payoff matrix below. Both Jordan and Lee know the information contained in the payoff matrix. They purchase their tickets simultaneously, ignorant of the other's choice. 
Which of the following statements is true?
A. For Lee, seeing a documentary is a dominant strategy. B. Lee's dominant strategy depends on Jordan's choice. C. For Lee, seeing a comedy is a dominant strategy. D. Lee does not have a dominant strategy.
The most important source of financial capital for firms today is
A. sale of bonds. B. reinvestment of profits. C. sale of new issues of stock. D. trade of previously issued stock.