A prisoner's dilemma leads to a noncooperative equilibrium
Indicate whether the statement is true or false
TRUE
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If the labor force participation rate is rising and the working-age population is not changing, then the
A) size of the labor force is rising. B) number of unemployed people is rising and the size of the labor force is falling. C) size of the labor force is falling. D) number of unemployed people is falling and the size of the labor force is rising.
How will the exchange rate (foreign currency per dollar) respond to an increase in the relative rate of productivity growth in the United States in the long run?
A) Exchange rates will rise. B) Exchange rates will be unaffected by changes in the relative rate of productivity growth in the United States, both in the short run and in the long run. C) The exchange rate will be affected in the short run, but not in the long run. D) Exchange rates will fall.
Asymmetric information can exist before, but not after, a transaction.
Answer the following statement true (T) or false (F)
The average variable cost curve intersects the marginal cost curve from below
a. True b. False Indicate whether the statement is true or false