Suppose that Jack promises that if Jill chooses the high price, he will too. Jack has an incentive to cheat on the agreement.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Joe has $50 to spend on pizza and movies. If movies are $5 each and a pizza is $10 then, assuming he spends all his money, he can buy which of the following bundle of goods?
A) 6 movies and 2 pizzas B) 8 movies and 4 pizzas C) 2 movies and 6 pizzas D) 6 movies and 4 pizzas
A swap that involves the exchange of one set of interest payments for another set of interest payments is called
A) an interest rate swap. B) a currency swap. C) a swaption. D) an international swap.
If the number of buyers in a market decreases, then
a. demand will increase. b. demand will decrease. c. supply will increase. d. supply will decrease.
You receive a $1,000 gift from your grandmother when you graduate from college. Your grandmother withdrew the $1,000 from her checking account and gave you ten $100 bills. You deposit the ten bills into your checking account. Discuss the impact of these transactions on your grandmother's balance sheet, your balance sheet, and the Fed's balance sheet.
What will be an ideal response?