Treasury securities include only
a. Treasury bonds and Treasury bills
b. Treasury bonds, Treasury bills, and Treasury notes
c. Treasury bonds, Treasury bills, Treasury notes, and U.S. savings bonds
d. Treasury bonds, Treasury bills, Treasury notes, and U.S. savings bills
e. Treasury bonds and U.S. savings bonds
B
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The relationship between the price level and net exports is:
A. negative. B. positive. C. perfectly correlated. D. uncorrelated.
A rational decision is one that
a. satisfies all desires. b. avoids the intentional allocation of resources. c. assigns available resources in the manner most preferred by decision makers. d. assigns available resources to the uses with the lowest opportunity costs.
When the wage was $10 per hour, a group of workers supplied 30 hours of work per week on average. The wage then increased to $12 per hour, and the same group of workers supplied 33 hours of work per week on average. What is the elasticity of labor supply for this group of workers?
A. 1.0 B. 2.0 C. 1.5 D. 0 E. 0.5
Refer to the normal-form game of price competition shown below. 
Firm A must decide whether or not to introduce a new product. If firm A introduces a new product, firm B must decide whether or not to clone the product. The payoff structure of the game is depicted in Figure 10-12. The subgame perfect Nash equilibrium to this game is:
A. Firm A plays "Do Not Introduce"; firm B plays "Clone" if firm A plays "Introduce." B. Firm A plays "Introduce"; firm B plays "Clone" if firm A plays "Introduce." C. Firm A plays "Introduce"; firm B plays "Do Not Clone" if firm A plays "Introduce." D. Firm A plays "Do Not Introduce"; firm B plays "Do Not Clone" if firm A plays "Introduce."