When compared to Canada or Japan, the U.S. is unusual in that it has:
A. fewer banks than Japan but more than Canada.
B. more banks than either Japan or Canada.
C. far fewer banks than either of those countries.
D. more banks than Japan but fewer than Canada.
Answer: B
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Refer to Figure 11.5. An increase in exports is best illustrated by diagram
A) A. B) B. C) C. D) D.
Explain why the long-run aggregate supply curve is vertical
What will be an ideal response?
The outcome of a prisoners' dilemma game with a Nash equilibrium is that ________
A) both players deny B) one player denies and one player confesses C) both players confess D) there is no equilibrium
Quinn's income to spend on either bowling or eating out each month is $100. It costs $10 to bowl for the night and it costs $20 for Quinn to eat at a restaurant. A point on Quinn's budget constraint would be:
A. 4 nights of bowling and 3 trips to the restaurant. B. 3 nights of bowling and 4 trips to the restaurant. C. 2 nights of bowling and 5 trips to the restaurant. D. 10 nights of bowling and 5 trips to the restaurant.