China's one child policy
a. Caused the share of young people to rise
b. Prematurely aged the Chinese labor force
c. Lowered the saving rate
d. all of the above
e. none of the above
B
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If Firm A and Firm B are playing a finitely repeated game and both know when the final period is, cooperation ________ possible due to the ________.
A) is; trigger strategy B) is not; trigger strategy C) is; end-period problem D) is not; end-period problem
Spending a lot on advertising:
A. can act as a credible signal to consumers of high-quality products. B. can act as a credible signal to producers to create high quality substitutes. C. does not serve as a credible signal to consumers, since any producer can do it. D. can act as a credible signal to consumers of low-quality products.
The federal government uses the revenue from the FICA (Federal Insurance Contribution Act) tax to pay for
a. unemployment compensation. b. the salaries of members of Congress. c. Social Security and Medicare. d. housing subsidies for low-income people.
Every government's set of policies used to govern their economy:
A. are similar in most respects, but different in a few areas, making international trade sometimes difficult. B. are largely the same, making international trade a simple process. C. vary widely from one another, making international trade sometimes difficult. D. vary widely from one another, making international trade a simple process.