Consider Figure 12.5. The dominant strategy in the prisoners' dilemma is:
A. to confess for both players.
B. not to confess for both players.
C. to confess for player A but not to confess for player B.
D. to confess for player B but not to confess for player A.
Answer: A
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Jessica traded her string cheese for Jamie's apple the other day at lunch. Who was made better off?
A. Both Jessica and Jamie B. Jessica C. Neither Jessica nor Jamie D. Jamie
The facility that was created in December of 2007 that banks can use to borrow from the Fed that has less of a stigma for banks compared to borrowing from the discount window is the
A) Term Securities Lending Facility. B) Term Auction Facility. C) Primary Dealer Credit Facility. D) Commercial Paper Funding Facility.
Sales finance companies
A) purchase accounts receivable of small firms at a discount. B) sell commercial paper and buy long-term corporate bonds. C) take in deposits from savers and buy corporate commercial paper. D) are affiliated with companies which manufacture or sell goods.
A bundle:
A. is a specific combination of goods and services an individual could consume. B. describes the amount of people that choose a particular combination of goods. C. is a curve describing different combinations of goods and services an individual could choose to consume. D. is when a store sells goods at a discounted price.