____ is one in which exactly the amount one competitor gains must be lost by other competitors.

A. Nash equilibrium
B. Prisoner’s dilemma
C. A win-win situation
D. A zero-sum game


Answer: D

Economics

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During a severe recession, we would expect output to fall the most in

A. agriculture. B. the construction industry. C. the clothing industry. D. the health care industry.

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In the rational expectations theory, a temporary change in real output could result from:

A. Anticipated price-level changes B. A price-level surprise C. A coordination failure D. Insider-outsider relationships

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A falling interest rate ________ the number of investment projects having a positive profit rate, and thus ________ the amount of output that firms demand for themselves

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Economics