If Japanese workers are more productive than French workers then trade between Japan and France
A) cannot take place because Japanese goods and services will be less expensive than French goods and services.
B) can take place only if France has an absolute advantage in producing a good or service Japanese buyers want.
C) will take place so long as each country has a comparative advantage in a good or service that buyers in the other country want.
D) cannot take place until French workers become more productive.
C
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Refer to Game Matrix V. Which of the following values of X and Y result in the only Nash Equilibrium being (Yes, Yes)?
Game Matrix V
The following questions refer to the game matrix below. Each firm has a choice of saying Yes or NO. The profits each gets depend upon which it chooses.
a. X = 21, Y = 9.
b. X = 19, Y = 11.
c. X = 21, Y = 11.
d. It is not possible for (Yes, Yes) to be a Nash Equilibrium.
Who suffers primarily when the federal government has to bail out a financial intermediary through the deposit insurance system?
A) the bank officers B) the taxpayers C) the bank shareholders D) the U.S. Treasury
Suppose you observe an increase in the equilibrium price of coffee and a decrease in the equilibrium quantity of coffee. Of the options listed below, this is most consistent with:
A. a decrease in consumer income assuming coffee is a normal good. B. an increase in consumer income assuming coffee is a normal good. C. a decrease in the cost of producing coffee. D. an increase in the cost of producing coffee.
Which of the following is NOT a part of the Federal Reserve System?
A. the Board of Governors B. the Twelve District Federal Reserve banks C. the Federal Deposit Insurance Corporation D. the Federal Open Market Committee