The hostage taking example was developed by
A) John Nash.
B) Kydland and Prescott.
C) John Harsanyi.
D) Reinhard Selten.
B
You might also like to view...
The marginal income tax rate is the ________
A) total tax paid by an individual divided by the total income earned B) difference between the highest and lowest income tax rates charged by a state C) percentage of the last dollar earned that a household pays in taxes D) total revenue received by the government divided by the number of taxpayers
Trade benefits a country by
A) increasing available consumption choices. B) reducing the need for specialization in production. C) reducing the relative price of the exported good. D) increasing the real income of all resource owners. E) increasing the wage rate.
A discount bond selling for $15,000 with a face value of $20,000 in one year has a yield to maturity of
A) 3 percent. B) 20 percent. C) 25 percent. D) 33.3 percent.
A straight line production possibilities curve takes this shape because A) the opportunity cost of producing a good is constant. B) the opportunity cost of producing more of a good is decreasing. C) resources are better suit D) resources are fixed.