The Prisoners' Dilemma is so named because
a. the Nash equilibrium is one of the worst outcomes for the players.
b. the game has no Nash equilibrium.
c. the game is zero-sum.
d. players end up earning a lighter sentence than the prosecutor would like.
a
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Greater labor force participation for households at higher real wage rate is one reason that
A) the demand for labor curve is upward sloping. B) the demand for labor curve is downward sloping. C) the supply of labor curve is upward sloping. D) the supply of labor curve is downward sloping.
Refer to above figure. With a specific tariff of $3 per unit, what is the quantity of Widgets produced domestically?
What will be an ideal response?
If people begin to favor science fiction novels to a greater degree than previously, the demand curve for science fiction novels
A) shifts rightward. B) shifts leftward. C) stays constant. D) can shift either rightward or leftward.
A vehicle currency is:
a. contraband-it is used to smuggle other assets into controlled economies. b. a widely accepted, tradable currency that serves as a currency to use for buying or selling one's own. c. a currency whose value changes rapidly and erratically. d. a currency used to purchase imports of autos, buses, and other transportation equipment.