In some games, the noncooperative equilibrium is bad for the players and bad for society
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is an example of an external benefit?
A) a ton of coal burned in a power plant to produce electricity B) a car accident that crowds a major Los Angeles freeway C) the production of a slice of pizza D) the cleanup of a large lake E) the consumption of a can of Mountain Dew
The interest rate that banks charge other banks for overnight loans is the
A) discount rate. B) Treasury bill rate. C) prime rate. D) federal funds rate.
As of 2013, the debt of the U.S. government amounted to roughly ________ per person
A) $50,000 B) $8 million C) $500,000 D) $800
Assume perfect capital mobility. Under a fixed exchange rate system, expansionary fiscal policy causes income to _____, while under flexible exchange rates expansionary fiscal policy causes income to _____
a. increase; increase b. increase; remain unchanged c. increase; decrease d. remain unchanged; increase