Answer the following statement true (T) or false (F)
1) Dictators/proposers tend act more self-interested when playing the dictator game versus the
ultimatum game.
2) The dictator and ultimatum games reveal that fairness and concern for others motivate
people's behavior.
3) Results of the dictator and ultimatum games reveal that people act in equally self-interested
ways, regardless of the context or rules of the game.
4) Behavioral economics demonstrates that the threat of rejection makes people less likely to
engage in transactions.
1) T
2) T
3) F
4) F
You might also like to view...
What is the price of a coupon bond that has annual coupon payments of $85, a par value of $1000, a yield to maturity of 10%, and a maturity of three years?
A) $211.38 B) $898.84 C) $962.70 D) $1255.0
The outputs of an oligopolistic industry
A) can be homogeneous or differentiated. B) must cost above $100 on the market. C) always have excise taxes imposed on them. D) have no substitutes on the market.
Which of the following generate an income that would be excluded from the GDP of an economy?
a. A professional working in small start-up firm b. A person selling heroin to tourists c. A person selling electronic guides to tourists d. A farmer selling oranges to a fruit seller
The term "final goods and services" refers to
A. goods and services which are unsold and therefore added to inventories. B. goods and services whose value has been adjusted for changes in the price level. C. good and services purchased by ultimate users, as opposed to resale or further processing. D. the excess of American exports over American imports.