The payoff matrix below shows the payoffs (in millions of dollars) for two firms, A and B, for two different strategies, investing in new capital or not investing in new capital. 
This game is an example of a:
A. credible promise.
B. cartel.
C. game with multiple equilibria.
D. prisoner's dilemma.
Answer: D
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The demand for labor curve depicts
a. a relationship between the price of a good and the quantity of labor necessary to produce different amounts of that good b. a relationship between wages and profits in a firm c. how the wage rate changes when the price of the good produced by labor changes d. a relationship between the real wage rate and the quantity of labor demanded e. how much labor will be hired at different profit levels
The equivalent to the Federal Reserves discount rate in the European System of Central Banks is the
During the 2008 presidential campaign, candidate Barack Obama argued in favor of repealing the majority of the Bush tax cuts in order to increase government revenue.
Answer the following statement true (T) or false (F)
If the price level in Japan is 1.0, the price level in the U.S. is 2.0, and it costs 100 Yen to buy one dollar, then the real exchange rate between the U.S. and Japan is
A) 2. B) 10. C) 50. D) 100. E) 200.