In the prisoners' dilemma, each player is ________ regardless of the other players' actions
A) forced to confess
B) forced to deny
C) better off confessing
D) better off denying
E) going to go free
C
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Demand pull inflation can be started by
A) a decrease in net exports. B) an increase in government expenditure. C) a decrease in the money price of resources. D) an increase in the price of oil. E) a decrease in the quantity of money.
The problem in many middle- and low-income economies around the world is very high __________, which generally arises from huge budget deficits that are financed by the government printing its domestic currency.
a. inflation b. unemployment c. taxes d. leverage
The demand schedule for a good shows
a. the specific quantity of the good that people are willing and able to sell at different prices b. the positive relationship between the price and the quantity of the good c. no relationship between the price and the quantity of the good d. the specific quantity of the good that people are willing and able to buy at different prices e. the quantity of the good that is sold in the market
The two-year interest rate is an average of the expected interest rate each of the two years.
Answer the following statement true (T) or false (F)