The European Central Bank has its headquarter in
A) London.
B) Berlin.
C) Frankfurt.
D) Paris.
E) Brussels.
C
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In a repeated prisoner's dilemma situation, cooperation can be achieved _____
a. if player A cooperates as long as player B cooperates b. if player A continually defects on player B c. if player A cooperates regardless of what player B does d. never
Which of the following statements is correct?
a. The use of pollution permits and corrective taxes reduces the cost of environmental protection. b. Rich countries usually have cleaner environments than poor countries because a clean environment is like other normal goods in that it has a positive income elasticity. c. Clean water and clean air are goods to which the law of demand applies. d. All of the above are correct.
If two goods are perfect complements, the shapes of the indifference curves are
A) bowed toward the origin. B) bowed away from the origin. C) straight lines. D) right-angled lines.
Refer to Scenario 19-1. The value of each canoe in gross domestic product equals
A) $1,200. B) $800. C) $500. D) $400.