Refer to the figure below. Player B can infer that Player A will: 
A. choose Down when B chooses Left and choose Up when B chooses Right.
B. always choose Up.
C. always choose Down.
D. choose Up when B chooses Left and choose Down when B chooses Right.
Answer: B
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Scott and Cindy both produce only pizza and tacos. In one hour, Scott can produce 20 pizzas or 40 tacos. In one hour, Cindy can produce 30 pizzas or 40 tacos. Based on these data,
A) Cindy has a comparative advantage at producing tacos. B) Scott has a comparative advantage at producing tacos. C) Cindy and Scott have the same comparative advantage in producing tacos. D) neither Cindy nor Scott has a comparative advantage in producing tacos. E) Cindy and Scott have the same comparative advantage in producing pizzas.
When the real interest rate ________ the equilibrium real interest rate, there is a ________ of loanable funds and the real interest rate ________
A) is less than; shortage; falls B) is less than; surplus; rises C) exceeds; surplus; rises D) exceeds; surplus ; falls E) exceeds; shortage; rises
Long-term public debt is available in the form of
a. paper currency b. stocks and bonds c. Treasury notes and bonds d. Treasury bills e. tax abatements
Which of the following could effectively destroy a monopoly structure?
a. the appearance of just one close substitute good b. its exclusive access to resources c. its patent on a new technology d. a government restriction on entry e. a merger of two once-competing firms