The first president who commit the government to a target unemployment rate is
A. FDR.
B. John F Kennedy.
C. Bill Clinton.
D. Lyndon Johnson.
Answer: B
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Consider the following payoff matrix facing two criminals. A: ConfessA: Not ConfessB: ConfessA: 20yrs, B: 20yrsA: 50yrs, B: 2yrsB: Not ConfessA: 2yrs, B: 50yrsA: 10yrs, B: 10yrsTheir options are to confess or not to confess. Given this information:
A. A has a dominant strategy but B does not. B. B has a dominant strategy but A does not. C. both A and B have dominant strategies. D. neither A nor B has a dominant strategy.
The following table provides information about production at the XYZ-TV Company. Number of WorkersTVs ProducedMarginal ProductValue of Marginal Product00------13535$35,00026833$33,00039931$31,000412829$29,000515527$27,000How many workers will XYZ-TV Company hire if the going wage for TV production workers is $60,000?
A. 0 B. More than 5 C. 4 D. 5
In 1860, earnings from cotton exports
(a) were minimal. (b) accounted for a small percentage of Gross Domestic Product. (c) exceeded the total revenue of the U.S. government by four-fold. (d) were what attracted the majority of agriculturalists into cotton production.
The price of gold is $300 per ounce in New York and 2,550 pesos per ounce in Mexico City. If the law of one price holds for gold, the nominal exchange rate is ________ pesos per U.S. dollar.
A. 85.5 B. 8.5 C. 1.18 D. 0.118