A primary function of a central bank is to
A) regulate dividend payments by corporations.
B) act as a regulator of banks.
C) control the bond market.
D) publish statistics on banking and related financial matters.`
Ans: B) act as a regulator of banks.
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Reaching a Nash equilibrium means that:
A. the outcome will be positive-positive. B. a cooperative equilibrium has been reached. C. the players have reached a stable outcome where neither would wish to change his strategy once he finds out what the other player is doing. D. the players have failed to reach a stable outcome because one player will always wish to change his strategy once he finds out what the other player is doing.
Which of the following is NOT used in the video as an example of the kind of shock that causes structural unemployment?
A. The rapid rise of the Internet B. The Financial Crisis of 2008 C. The opening of trade with China in the 1990s D. The 1970s oil price shock
The Social Security tax is
A. A regressive tax. B. A progressive tax. C. A proportional tax. D. A proportional tax at low income levels and a progressive tax at higher income levels.
Recall the Application about incentives to immunize children in developing countries to answer the following question(s). According to this Application, why did parents not complete the sequence of vaccines for their children?
A. because the costs of completing vaccine sequences were high in the short run B. because the costs of completing vaccine sequences were high in the long run C. because the benefits of completing vaccine sequences were low in the long run D. because the pain to the children of completing vaccine sequences were high