Loans are better than grants for higher education.

A. True
B. False
C. Uncertain


C. Uncertain

Economics

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Figure 7-7


In Figure 7-7 at 100 units, AFC equals

a.
10.

b.
100.

c.
180.

d.
1,000.

Economics

When individuals make decisions with some desired outcome in mind, they are engaging in:

a. purposeful behavior b. economically efficient behavior c. chaotic behavior d. random behavior

Economics

Refer to Figure 15-15. In the figure above, suppose the economy in Year 1 is at point A and is expected in Year 2 to be at point B. Which of the following policies could the Federal Reserve use to move the economy to point C?

A) decrease income taxes B) sell Treasury bills C) decrease the required-reserve ratio D) buy Treasury bills

Economics

If a game has a pure strategy Nash equilibrium then

A) it might also have a mixed strategy equilibrium. B) it does not have a mixed strategy equilibrium. C) at least one player has a dominant strategy. D) no player has a dominant strategy.

Economics