Deposits in European banks denominated in dollars for the purpose of international transactions are known as
A) Eurodollars.
B) European Currency Units.
C) European Monetary Units.
D) International Monetary Units.
A
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Emotions like guilt and sympathy:
A. reduce the likelihood that a transaction will maximize total economic surplus. B. can solve commitment problems, but generally reduce players' payoffs. C. are irrelevant to economic decision-making. D. can solve commitment problems.
On the graph above, the wage level at point ________ might represent a binding minimum wage
A) 2 B) 4 C) 6 D) 5
The game theory approach to the analysis of oligopoly assumes that oligopolists
A. ignore their interdependence. B. behave with little forethought. C. do not take their businesses seriously. D. act strategically.
If a change in tastes is in favor of a commodity, that will mean a:
a. Movement down the demand curve b. Movement up the demand curve c. Shift in the whole demand curve to the left d. Shift in the whole demand curve to the right