Refer to the scenario above. Which of the following will hold true if Elly is known to be vengeful?
A) A Nash equilibrium will occur.
B) Multiple equilibria will occur.
C) There will be no Nash equilibrium.
D) A socially inefficient equilibrium will occur.
A
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You have an hour between your economics and math classes. What is the opportunity cost of that time if you use it to complete your math homework instead of your economics homework?
A) the economics homework you could have completed B) the cost of your calculator and math textbook C) the math homework you chose to complete D) zero, because it doesn't cost any money to do your math homework
The new $20 bills were designed with features to make counterfeiting more difficult
a. True b. False Indicate whether the statement is true or false
The danger of using the national defense argument to protect domestic industries necessary to wage war is that
a. it has no validity on non-economic grounds. b. it is unrelated to the United States' ability to wage war. c. other nations will retaliate with tariffs against U.S. producers of war material. d. industries with only the most peripheral relationship to defense are likely to invoke this argument on their behalf.
Where did Robert Mugabe get the money he needed for bribes and payoffs?
A. He raised income taxes. B. He printed it. C. He raised estate taxes. D. He raised taxes on corporate profits.