What do automatic stabilizers attempt to stabilize?
A. imports
B. exports
C. long-run aggregate supply
D. aggregate demand
Answer: D
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Which economy managed to eliminate economic profits and losses?
A) Socialist Cuba B) Socialist China C) Fascist Italy D) Nazi Germany E) None of the above.
The Basel Accord, an international agreement, requires banks to hold capital based on
A) risk-weighted assets. B) the total value of assets. C) liabilities. D) deposits.
What would be the Nash equilibrium of this simultaneous game?
a. Boxing, boxing b. Ballet, ballet c. Boxing, ballet d. Both A&B
Most firms are not monopolies in the real world because
a. firms usually face downward-sloping demand curves b. supply curves slope upward c. price is usually set equal to marginal cost by firms d. monopolies are not efficient e. there are substitutes for most goods