Refer to the scenario above. Which of the following strategy combinations denotes the dominant strategy equilibrium in this case?
A) (bribe, bribes)
B) (bribe, does not bribe)
C) (do not bribe, bribes)
D) (do not bribe, does not bribe)
D
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All of the following shift the LAS curve EXCEPT
A) a change in the capital stock. B) an increase in the money wage rate. C) an increase in the stock of human capital. D) technological progress.
The poor have demonstrated a marked ability to move out of poverty when economic opportunities improved
Indicate whether the statement is true or false
Changes in government spending
a. are an indirect component of the expenditures schedule. b. have a different multiplier effect than changes in business investment spending. c. are a direct component of the expenditures schedule and have the same multiplier effect as changes in business investment spending. d. do not have an effect on spending if they are matched by tax changes.
If an investor had a $200,000 long-term capital gain on a $50,000 investment from 1984 to 2010, her real annualized rate of return was most likely
A. equal to the real rate of inflation. B. between 11 and 20 percent. C. between 0 and 10 percent. D. negative.