In a multiplayer game where there are two equally-enjoyable choices of what to do, and everyone wants to do what everyone else is doing, only one Nash equilibrium is stable
Indicate whether the statement is true or false
FALSE
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Which of the following is most likely to be preferred by economists as a relatively more efficient measure to reduce pollution?
a. Marketable permits b. A command-and-control regulation c. Corrective subsidies d. Pollution charges
Forestry companies typically harvest and replant an area when trees are:
A. very young and growing slowly. B. middle aged and growing rapidly. C. near the end of their rapid growth period. D. extremely old and about to die anyway.
Which of the following would NOT be a reason why developed nations would try to coordinate their macroeconomic policies?
A) To achieve a desirable level of world economic growth B) To avoid imposing a disproportionate burden on one major country in its attempt to help other world economies C) To stimulate production in other countries using the higher incomes generated by policy coordination D) To coordinate retaliatory policies on developing countries' trade barriers
In efficient markets, investment capital flows toward profit opportunities.
Answer the following statement true (T) or false (F)