Under a fixed exchange rate regime, if a country has an ________ exchange rate, then its central bank's attempt to keep its currency from appreciating will result in a ________ of international reserves

Tobacco companies did not resist the advertising ban instituted in 1970 because they actually increased profits by not being allowed to advertise

This ban forced these companies to abandon their dominant strategy of advertising and wind up at a cooperative outcome of not advertising. Prior to the ban, the tobacco companies were involved in playing A) a pure coordination game. B) a prisoner's dilemma game. C) an assurance game. D) a battle of the sexes game.

The members of the Board of Governors of the Federal Reserve are

A) elected by a vote of the Federal Reserve District Bank presidents. B) appointed by the President of the United States with approval by the Senate. C) appointed by the Congress with approval by the President of the United States. D) elected by a general election of the citizens of the United States.