In this market, an increase in the parameter c would:
a. increase both price and quantity
b. increase price and decrease quantity.
c. decrease both price and quantity.
d. increase quantity and decrease price.
d
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The basics of the welfare state in the United States started as part of:
A. reparations after WWI in the late 1910s. B. the Bretton Woods plan after WWII in the 1940s. C. the Great Recession Recovery and Aid Acts in the 2000s. D. the New Deal legislation in the 1930s.
What was the stated purpose of the TARP $700 billion bailout?
A. Give it to financial institutions to keep them from going bankrupt. B. Purchase illiquid assets from banks and other financial institutions to restore market. C. Loan money to the automobile industry to save the market for automobiles. D. Provide incentives to homebuyers to improve the housing market.
Each week Bill buys exactly 7 bottles of cola regardless of its price. Bill's own price elasticity of demand for cola IN ABSOLUTE VALUE is:
A. 1. B. greater than 1. C. zero. D. less than 1.
Suppose Firm A and Firm B are considering whether to invest in a new production technology. For each firm, the payoff to investing (given in thousands of dollars per day) depends upon whether the other firm invests, as shown in the payoff matrix below. 
Is this game a prisoner's dilemma?
A. No. B. Yes. C. It cannot be determined. D. Only when both Firm A and Firm B invest.