Refer to Figure 4.2. The dominant strategy for Cameron is to
A) go to the movie theater.
B) go to the bowling alley.
C) go to either the movie theater or to the bowling alley.
D) Cameron does not have a dominant strategy.
D
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In a mixed economy,
A. all economies choose an identical mix of private and public involvement in the economy. B. the government is more important than the private sector in generating output. C. there is some government influence over the workings of the free market. D. All of the responses are correct.
Keynes believed that changes in autonomous spending were dominated by unstable fluctuations in ________, which are influenced by emotional waves of optimism and pessimism—factors he referred to as "animal spirits."
A) unplanned investment spending B) actual investment spending C) planned investment spending D) autonomous consumer expenditures
Determination of a public good depends only upon the technical characteristics of the good
a. True b. False
Cartels are unstable and will tend to fall apart due to cheating on the agreement.
Answer the following statement true (T) or false (F)