When people are fully informed about the choices that they and other relevant economic actors face, we say they:
A. will always be willing to go through with the transaction.
B. will always try to hide that information to gain advantage.
C. have relevant information.
D. have complete information.
Answer: D
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Tracy and Amy are playing a game in which Tracy has the first move at X in the decision tree shown below. Once Tracy has chosen either the top or bottom branch at X, Amy, who can see what Tracy has chosen, must choose the top or bottom branch at Y or Z. Both players know the payoffs at the end of each branch. 
If before Tracy chose, Amy could make a credible commitment to choose either the top or bottom branch when her turn came, then Amy would commit to the ________ branch and Tracy would choose the ________ branch.
A. top; top B. top; bottom C. bottom; bottom D. bottom; top
In the United States, the poorest 20 percent of households earn roughly ________ percent of total income
A) 20 B) 0.5 C) 15 D) 3 E) 10
Suppose the exchange rate for the U.S. dollar rises. This could be caused by
A) an increase in U.S. import demand. B) a decrease in the world demand for U.S. exports. C) a fall in the expected future exchange rate. D) an increase in the U.S. interest rate differential.
Classicals argue that an adverse supply shock would
A) raise neither the natural rate of unemployment nor the actual rate of unemployment. B) raise the actual rate of unemployment, but not the natural rate of unemployment. C) raise the natural rate of unemployment, but not the actual rate of unemployment. D) raise both the natural rate of unemployment and the actual rate of unemployment.