The prisoners' dilemma has an equilibrium in which
A) both players deny.
B) both players confess.
C) the player who confesses wins.
D) the player who denies wins.
B
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Ultimately, quotas ________ the ability of foreign countries to buy the domestic country's exports and therefore ________ wealth
A) increase; create B) increase; destroy C) reduce; create D) reduce; destroy
The poverty rate in the United States has __________ over the last 30 years.
A. remained the same B. increased C. decreased D. not been accurately measured
Which of the following is an example of a negative externality?
A) There is an increase in injuries to pedestrians caused by accidents resulting from electronic billboards distracting drivers. B) The opening of a new shopping mall increases the business of nearby restaurants. C) A consumer pays a higher price than another consumer does for the same product. D) Consumers pay a sales tax in addition to the price of a product.
The primary tool of monetary policy is:
A. the discount rate. B. the reserve requirement. C. open market operations. D. the prime rate.