Temporary discounts offered to customers by competitive retailers usually reflect:
a. output rationing.
b. a rise in market demand.
c. price discrimination.
d. a fall in input prices.
C
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Suppose Firm A and Firm B are considering whether to invest in a new production technology. For each firm, the payoff to investing (given in thousands of dollars per day) depends upon whether the other firm invests, as shown in the payoff matrix below. 
Is this game a prisoner's dilemma?
A. No. B. Yes. C. It cannot be determined. D. Only when both Firm A and Firm B invest.
If an economy can produce a maximum of 100 units of good X and the opportunity cost of 1X is always 5Y, then what is the maximum number of units of good Y the economy can produce?
A) 250 B) 100 C) 20 D) 500 E) none of the above
Which of the following is NOT a member of DR-CAFTA?
A. Mexico B. the United States C. Honduras D. the Dominican Republic
Research on the effects of recessions on the real level of GDP shows that
A. recessions cause only temporary reductions in real GDP, which are offset by growth during the expansion phase. B. recessions cause both temporary and permanent declines in real GDP, but most of the decline is temporary. C. recessions cause both temporary and permanent declines in real GDP, but most of the decline is permanent. D. recessions cause large, permanent reductions in the real level of GDP.