The large increase in the elasticity of supply in crude oil during 2014-2015 created ________ price volatility.
A. slightly greater
B. zero
C. lesser
D. enormously greater
Answer: C
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If the nominal interest rate is 8 percent and the inflation rate is 2 percent, the real interest rate is approximately
A) 4 percent. B) 6 percent. C) 0.25 percent. D) 10 percent.
In August 2015, the U.S. unemployment rate was highest for
A) whites. B) high school dropouts. C) Hispanics. D) African Americans. E) Asians.
Refer to the above data. If the consumer has a money income of $52 and the prices of J and K are $8 and $4 respectively, the consumer will maximize her utility by purchasing:
A) 2 units of J and 7 units of K. B) 5 units of J and 5 units of K. C) 4 units of J and 5 units of K. D) 6 units of J and 3 units of K.
In a prisoners' dilemma, no player has a dominant strategy.
Answer the following statement true (T) or false (F)