A bank's secondary reserves include its
A. holdings of long-term bonds issued by large corporations.
B. passbook saving account balances (a liability to the bank).
C. holdings of corporate stock.
D. holdings of 6-month Treasury bills.
D. holdings of 6-month Treasury bills.
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Capital saving nonneutral technical progress allows a firm to
A) produce more output with the same inputs. B) use less capital and the same amount of other inputs to produce the same level of output. C) use more capital to produce the same level of output. D) use less capital and more of other inputs to produce the same level of output.
One measure that would compensate the sending country for its public investments in emigrants could be a(n)
A. tax on sending-country affiliates of foreign multinational enterprises. B. subsidy to sending-country product imports. C. brain-drain tax. D. tax on sending-country product exports.
An attempt by a firm to create a monopoly and gain the economic profit from the monopoly is called
A) collusion. B) intrusion. C) profit seeking. D) rent seeking.
The game in the figure shown is a version of:
A. the prisoner's dilemma.
B. the first-mover advantage.
C. a sequential game.
D. a repeated game.