If Mousey Mike wants to not be hit, what strategy could he follow
a. Threaten to not tell
b. Always not tell
c. Threaten to tell
d. All of the above
c
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A country simultaneously raises tariffs on manufactured goods and overvalues the exchange rate. Why might these seemingly contradictory policies be pursued together?
What will be an ideal response?
Which of the following is NOT an example of off-balance-sheet lending?
A) a swap B) a standby letter of credit C) a loan commitment D) a loan sale
Compared to the equilibrium price and quantity sold in a competitive market, a monopolist will charge a ________ price and sell a ________ quantity
A) higher; larger B) lower; larger C) higher; smaller D) lower; smaller E) none of these
When a firm is at its short-run break-even point
A) economic profits are positive. B) economic profits equal zero and the firm should shut down. C) economic profits equal zero and the firm is earning a nominal rate of return on investment. D) economic profits are negative but the firm should continue to produce because accounting profits are positive.