The most common type of simple loan is a(an)
A) automobile loan from a bank.
B) mortgage loan from a bank.
C) commercial loan from a bank.
D) corporate bond.
C
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A best response is ________
A) one player's optimal action choice irrespective of the action of the other player B) one player's optimal action choice taking the other player's action as given C) an action choice that always results in a zero payoff to the opponent D) an action choice that results in equal payoffs to all the players in a game
George produces cupcakes. His production cost is $10 per dozen. He sells the cupcakes for $16 per dozen. His producer surplus per dozen cupcakes is
a. $6. b. $10. c. $16. d. $26.
Who is most likely to be poor?
A. Someone over age 65 B. A Hispanic American C. A black person D. Someone living in a female-headed household with children
Which of the following is NOT true of nontariff barriers to imports?
A. Like tariffs, nontariff barriers result in a net welfare loss in a small country. B. Some nontariff barriers create uncertainty about the conditions under which imports will be permitted. C. Nontariff barriers can limit imports with greater certainty than tariffs. D. Unlike tariffs, nontariff barriers do not increase the price of imported goods in the domestic markets.