Which of the following accept deposits from or sell shares to the general public?
i. money market funds
ii. thrift institutions
iii. commercial banks
A) i only
B) ii only
C) iii only
D) Both ii and iii
E) i, ii, and iii
E
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The presence of a positive externality in a market leads to ________
A) an underproduction of the good B) an overproduction of the good C) a deadweight loss D) a fall in the consumer surplus
When an oligopoly market is in Nash equilibrium
A) a firm will choose its best pricing strategy, given the strategies that it observes other firms have taken. B) firms will not behave as profit maximizers. C) firms have colluded to set their prices. D) a firm will not take into account the strategies of its rivals.
In Japan, interest rates are close to zero. As a result, Keynesians would argue that money demand
a. has become much more interest rate elastic. b. will shift upward. c. has become much less interest rate elastic. d. will shift downward. e. will remain unchanged.
Refer to the above figure. Ajax and Greenco are oligopolists. Above you are given the payoff matrix for the two firms giving the payoff associated with different pricing strategies
What is the best strategy for Greenco if Ajax decides on charging a high price? A) high price B) low price C) There is no best strategy. D) Not enough information is given to determine the best strategy.