Which of the following groups within the Federal Reserve System is primarily concerned with public relations?
A) The Federal Open Market Committee
B) The Federal Advisory Council
C) The Federal Reserve Bank presidents
D) The Board of Governors
B
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Answer the following statement(s) true (T) or false (F)
1. The Stackelberg equilibrium of a sequential game must also be a Nash equilibrium. 2. In a sequential game, guaranteed commitment to a strategy will make a player worse off. 3. A merger between Gateway, a manufacturer of computers, and Logitech, a manufacturer of components for computers, would be an example of horizontal integration. 4. The Sherman Act of 1890 and the Clayton Act of 1914 gave courts the power to prevent mergers that reduce competition and provided clear criteria to apply in determining when a merger would do so. 5. Social welfare consequences are ambiguous when two or more manufacturers merge to take advantage of economies of scale.
If the dollar falls from 1.25 euros to 1.00 euro, then the dollar has ________ and the euro has ________
A) depreciated; depreciated B) depreciated; appreciated C) appreciated; appreciated D) shrunk; grown E) appreciated; depreciated
Government plays a role in which type of economy?
a. only free market economies like the United States b. only socialist economies c. only mixed economies d. all economies
At which interest rate is the present value of $95.40 one year from today equal to $90 today?
a. 4 percent b. 5 percent c. 6 percent d. 7 percent