How does the dictator game differ from the ultimatum game?
a. The responder can dictate whether the offer is accepted or not
b. The responder has no choice but to accept the proposal.
c. The experimenter takes over the proposer's role, inserting an offer designed to test a hypothesis.
d. If the responder rejects, the proposer obtains the whole "pie."
b
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Under the EMS, Germany set the system's
A) monetary policy while the other European countries pegged their currencies to the DM. B) fiscal policy while the other European countries pegged their currencies to the DM. C) monetary policy while the other European countries kept their currencies fluctuating relative to the DM. D) fiscal policy while the other European countries kept their currencies fluctuating relative to the DM. E) monetary policy, while other European countries maintained their traditional policies.
As we move down and to the right along an indifference curve, the marginal rate of substitution:
A. increases. B. decreases. C. remains constant. D. increases, then decreases.
The following provides data for an economy in a certain year. Consumption expenditures$50Imports$40Government purchases of goods and services$20Construction of new homes and apartments$30Sales of existing homes and apartments$40Exports$50Government payments to retirees$10Household purchases of durable goods$20Beginning-of-year inventory$10End-of-year inventory$20Business fixed investment$30Given the data, compute the government purchases component of GDP.
A. $40 B. $30 C. $10 D. $20
Answer the following statement(s) true (T) or false (F)
1. Along the TSC curve, the incremental cost associated with increasing abatement from A1 to A2 is found as the vertical distance between the TSC at A1 and TSC at A2. 2. According to the survey approach, abatement spending is estimated based on the lowest-cost technology available. 3. When abatement expenditures are estimated in accordance with the input provided directly from polluting sources, that estimation method is known as the direct approach. 4. The engineering approach is difficult to use for proposed environmental initiatives because of uncertainty about future prices, the availability of raw materials, and expected costs. 5. An advantage of the survey approach is that the estimates are derived from external experts.