The most important component of the Economic Recovery Act passed by the Bush Administration was ________
A) the creation of the Federal Reserve discount window
B) the establishment of the Troubled Asset Relief Program (TARP)
C) the decrease in taxes for the wealthiest one percent of all Americans
D) the creation of the Federal Reserve
B
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In simultaneous move Bayesian games, a player's beliefs are fully given by the probability distribution used by "Nature" to assign types.
Answer the following statement true (T) or false (F)
In today's world, many countries impose tariffs
A) only on imports. B) only on exports. C) on both imports and exports. D) on imports, exports, and nontraded goods.
The use of interchangeable parts in armament production by Whitney and North:
a. caused machinery to be replaced by skilled labor. b. capital-labor proportions in the US to remain equal to those in England. c. allowed producers to raise the price of guns. d. increased the demand for skilled labor.
A second-price auction
a. is also called a Vickrey auction b. is where bidders submit increasing bids until all but one remains c. is where the sole remaining bidder wins and pays his winning bid d. all of the above