If Firm A and Firm B are playing a finitely repeated game in which they both believe there is a 90 percent chance that the game will continue each period, all of the following are true except which one?
A) There is not an end-game problem.
B) Both firms can earn higher profit by cooperating.
C) Both managers will worry about punishment from cheating.
D) Tacit collusion is not possible.
D) Tacit collusion is not possible.
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Productivity growth is closely linked to the average level of:
a. age. b. education. c. technology. d. wages.
As prices rise, consumers and businesses will want to hold larger money balances. This will lead to
a. a reduction in the demand for resources and reduced resource prices. b. an increase in the amount of goods and services demanded due to the real balance effect. c. an increase in exports due to the international substitution effect. d. a reduction in the supply of loanable funds and an increase in the interest rate.
Refer to the information provided in Figure 13.9 below to answer the question(s) that follow. 
Figure 13.9 Refer to Figure 13.9. If Ohio Edison is forced to produce the efficient level of electricity (instead of the monopoly level),
A. the net social gain equals area BEC. B. the monopolist earns a profit of FGBC. C. consumers gain consumer surplus of AFC. D. the monopolist loses profits equal to FABE.
Of the following, when would the U.S. exchange rate rise the most?
A) when the supply of and demand for U.S. dollars increase B) when the supply of U.S. dollars increases and the demand for them decreases C) when the supply of U.S. dollars decreases and the demand for them increases D) when the supply of and demand for U.S. dollars decrease