If the supply curve and the demand curve both shift to the left, then the new equilibrium:
A. price will be lower, but the direction of the change in quantity is uncertain.
B. quantity will be higher, but the direction of the price change is uncertain.
C. price will be higher, but the direction of the change in quantity is uncertain.
D. quantity will be lower, but the direction of the price change is uncertain.
Answer: D
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P-TV and QRS-TV are trying to decide whether to air a sitcom or a reality show in a given time slot. Viewers like both sitcoms and reality shows, but sitcoms are more expensive to produce than reality shows since real actors need to be hired. QRS-TV makes its decision first, and then P-TV observes that choice before making its decision. Both stations know all of the information in the decision tree below. 
In the equilibrium of this game:
A. both stations will air sitcoms. B. QRS-TV will air a reality show and P-TV will air a sitcom. C. both stations will air reality shows. D. QRS-TV will air a sitcom and P-TV will air a reality show.
If the income line lies above the consumption curve, then whatever the level of national income, saving
a. equals consumption b. equals income c. is less than zero d. is equal to zero e. is greater than zero
Which of the following is true?
a. Most stockholders own stock because they want to run the business. b. The shareholders of a large well-established firm can be reasonably sure that they will earn a real rate of return of about 7 percent in the future. c. Ownership of a corporate bond provides the bondholder with an ownership right to a fraction of the firm's future profits. d. Stock ownership makes it possible for investors to own a fractional share of a firm's future profits even if they do not participate in the operation of the firm.
Over the last decade, foreigners have been exercising
A. a declining influence over interest rates in the United States. B. an increasing influence over interest rates in the United States. C. about the same influence over interest rates in the United States.