Which one of the following would cause an increase in the demand for hotel rooms in Hawaii?
A) an increase in airfares to Hawaii
B) a decrease in airfares to Hawaii
C) an upward movement along the demand curve for stays in Hawaiian hotel rooms
D) a downward movement along the demand curve for stays in Hawaiian hotel rooms
B
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The ability to quickly convert an asset into cash is
A) disintermediation. B) the standard of deferred payment. C) financial intermediation. D) liquidity.
If domestic income is rising,
a. exports will increase. b. demand for foreign currency will fall. c. imports will increase. d. imports will decrease.
The figure below presents information for a one-shot game.Firm AFirm B??Low PriceHigh Price?Low Price(2,2)(10,-8)?High Price(-8,10)(6,6)If this one-shot game is repeated 100 times, the Nash equilibrium payoffs of the players will be ________ each period.
A. (6, 6) B. (2, 2) C. (?8, 10) D. (10, ?8)
Which of the following, according to the Maastricht treaty, was a condition for participating in the common currency area?
A) a relatively small budget deficit-to-GDP ratio B) at least half the population of the country must speak German, French and English C) a promise that any future devaluations will be announced in advance D) the replacement of the country's prime minister with an appointee of the new "United States of Europe" E) a relatively small amount of foreign aid to countries outside the area