Most occurrences of Acquired Immune Deficiency Syndrome can be prevented by:
A. administration of antibiotics.
B. avoiding risky behavior.
C. diet and exercise.
D. the prophylactic use of a vaccine.
Answer: B. avoiding risky behavior.
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To earn profits, the market maker must
a. bid high, ask low b. bid low, ask high c. equalize the bid and ask price d. not create the market
An increase in the cost of acquiring human capital will shift the labor supply curve to the left; eventually, this will tend to decrease the equilibrium wage rate
a. True b. False
A decrease in demand will have what effect on equilibrium price and quantity?
a. Price will increase; quantity will decrease. b. Price will decrease; quantity will increase. c. Both price and quantity will increase. d. Both price and quantity will decrease.
All examples of the prisoner's dilemma game are characterized by one and only one Nash equilibrium
a. True b. False Indicate whether the statement is true or false