Game theory assumes that to compute the likely outcome of games, one needs to assume that players act
a. Rationally
b. Optimally
c. In their own self-interest
d. All the above
d
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Scarcity is a problem:
a. because human wants are unlimited while resources are limited. b. only in industrialized economies. c. of the poor, but not the rich. d. measured by the amount of goods available.
In the above figure, if the real interest rate is 6 percent, the quantity of loanable funds demanded is
A) $150 billion. B) $300 billion. C) $450 billion. D) $600 billion.
If the opportunity cost of producing more of one good increases as more of that good is produced, then the production method is inefficient
Indicate whether the statement is true or false
A firm is experiencing theft problems at its warehouse. A consultant to the firm believes that the dollar loss from theft each week (T) depends on the number of security guards (G) and on the unemployment rate in the county where the warehouse is located (U measured as a percent). In order to test this hypothesis, the consultant estimated the regression equation T = a + bG + cU and obtained the following results: 
Based on the above information, hiring one more guard per week will decrease the losses due to theft at the warehouse by ________ per week.
A. $130 B. $480.92 C. $211 D. $5,150