If a German pension fund decides to purchase U.S. government bonds, what is the effect in the foreign exchange market?
a. It will increase demand for U.S. dollars.
b. It will decrease demand for U.S. dollars.
c. It will increase supply of U.S. dollars.
d. It will decrease supply of U.S. dollars.
A
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When players cannot achieve their goals because they are unable to make credible threats or promises, the situation is called a:
A. Nash equilibrium. B. prisoner's dilemma. C. failure of dominant strategies. D. commitment problem.
If Barbecue Bob has a right to own and use his backyard barbecue, then Barbecue Bob also enjoys
A) a right to pollute. B) a right to steal. C) a right to free charcoal. D) a right to clean air.
The worst post–World War II recession in the United States occurred in
A. 1964 B. 1973 C. 1981 D. 2007
Refer to the information. Over the $11-$9 price range, demand is:
A. perfectly elastic.
B. perfectly inelastic.
C. elastic.
D. inelastic.