The government provides deposit insurance; this insurance protects:
A. depositors for up to $250,000 should a bank fail.
B. large corporate deposit accounts, but only the amounts that exceed the $250,000 deductible.
C. the deposits that people have, but only for federally chartered banks.
D. the deposits of banks in their Federal Reserve accounts.
Answer: A
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Suppose Jordan and Lee are trying to decide what to do on a Friday. Jordan would prefer to see a comedy while Lee would prefer to see a documentary. One documentary and one comedy are showing at the local cinema. The payoffs they receive from seeing the films either together or separately are shown in the payoff matrix below. Both Jordan and Lee know the information contained in the payoff matrix. They purchase their tickets simultaneously, ignorant of the other's choice. 
Suppose a timing element is added to the game, and that Jordan buys a ticket first. Then, after seeing Jordan's choice, Lee buys a ticket. What will be the equilibrium outcome?
A. Jordan will buy a ticket to the documentary and Lee will buy a ticket to the comedy. B. Both Jordan and Lee will buy a ticket to the comedy. C. Jordan will buy a ticket to the comedy and Lee will buy a ticket to the documentary. D. Both Jordan and Lee will buy a ticket to the documentary.
Robinson Crusoe's decision to produce more capital goods and fewer consumer goods in a given period causes:
a. a decrease in the resources available in its economy. b. an increase in economic growth in future periods. c. a decrease in economic growth in future periods. d. no change in the availability of resources in its economy. e. a decrease in the ability to produce goods in the next period.
If a person is going to borrow $30,000 for a car and pay it off in monthly payments of $637.41 for 5 years, the internal rate of return is
A. 10%. B. 15%. C. 0%. D. 5%.
In the long-run equilibrium in a perfectly competitive market,
A) the firms make an economic profit. B) the firms' owners make a normal profit. C) the average total cost is maximized. D) marginal cost is at a minimum.