When box office receipts are corrected for inflation, the most popular movie of all time is
a. Star Wars.
b. Titanic.
c. Gone With the Wind.
d. The Sound of Music.
c
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Standby letters of credit
A) are a form of swaps. B) are a promise by a bank to lend the borrower funds to pay off its maturing commercial paper. C) are a promise by a large depositor to provide additional funds to a bank should the bank face an unexpectedly large deposit outflow. D) represent the unused balance on a bank credit card.
Consider the market for nonalcoholic beers from the previous question. Boors' price in a Nash equilibrium (assuming Bertrand competition in these differentiated beers) is about
a. 1.71 b. 2.55 c. 3.55 d. 4.29
Which of the following jobs is most likely to have a positive compensating wage differential?
a. economist b. baker c. accountant d. stunt person e. computer programmer
Given that resources are scarce,
A. Poor countries must make choices, but rich countries with abundant resources do not have to make choices. B. A "free lunch" is possible, but only for a limited number of people. C. Opportunity costs are experienced whenever choices are made. D. Some choices involve opportunity costs while other choices do not.