What effect does the televising of the Super Bowl have on the cost to the National Football League of giving someone a ticket to the game?
A) It has no effect because all the costs of playing the game are sunk costs.
B) It has no effect on the cost because the demand doesn't affect cost.
C) It lowers the cost because fewer people will want to buy tickets.
D) It raises the cost because fewer people will want to buy tickets.
C
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Jackson buys an automobile insurance policy and then decides to drive recklessly because he knows he is insured in case he has an accident. This describes the problem of
A) adverse selection. B) asymmetric information. C) moral hazard. D) risk pooling.
If the economy is in a liquidity trap, then:
a. fiscal policy can still stimulate the economy through lower interest rates. b. monetary policy cannot stimulate the economy by lowering interest rates. c. the precautionary demand for money is falling. d. all of the above.
An increase in the discount rate by the Federal Reserve causes the money stock to expand
a. True b. False Indicate whether the statement is true or false
Since the last recession interest rates have been very low. Also it is generally known that we are close to major breakthroughs in solar energy and battery storage technology. How would these two factors impact the price of oil today?
A. The first factor will decrease the price of oil today and the second factor will tend to increase the present price. B. Both factors will work to decrease the price of oil today. C. The first factor will increase the current price of oil and the second factor would tend to decrease oil prices today. D. Both factors will work to increase the current price of oil.