Peter's Pizzeria sells both pizzas and wings. It wants to increase the sales of its pizzas. Assuming that the pizza and the wings are complements, which of these strategies can it employ?
a. Increase the price of the wings
b. Decrease the price of the wings
c. Increase the quality of the pizza
d. Both B & C
d
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Insurance companies are not permitted to require AIDS tests as a precondition for coverage, so they do not know whether or not the people they insure have already contracted HIV (the virus that causes AIDS). This situation is an example of
a. signaling. b. adverse selection. c. the principal-agent problem. d. moral hazard.
In most applications of negotiations, they
a. Follow rules of a formal game b. Follow the rules of games like the simultaneous move game of chicken c. Rarely have rules like the ones that characterize formal games d. All of the above
If total production of goods and services for a given quarter is $2,000 billion (seasonally adjusted), the GDP will be reported at an annual rate of
a. $750 billion. b. $1,500 billion. c. $5,000 billion. d. $8,000 billion.
If the CPI was 170 in 1998 and was 187 in 1999, what was the inflation rate in 1999?