Budget lines:
a. are typically positively sloped
b. are typically negatively sloped.
c. often have the same slope as indifference curves.
d. are generally horizontal.
b
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In the prisoner's dilemma game, each player's dominant strategy is also the Nash equilibrium
Indicate whether the statement is true or false
________ in the domestic interest rate causes the demand for domestic assets to decrease and the domestic currency to ________, everything else held constant
A) An increase; appreciate B) An increase; depreciate C) A decrease; appreciate D) A decrease; depreciate
Higher energy prices can be used to adequately explain the productivity slowdown in
A. the United States and the rest of the world. B. the United States but not the rest of the world. C. the rest of the world but not the United States. D. neither the United States nor the rest of the world.
Firms buy and sell the right to pollute: a. under a system of compliance standards
b. under a free market system where there is no government intervention and property rights are not well-defined. c. under a system of transferable pollution permits. d. under a pollution tax system.