Refer to Game Matrix II. Which outcomes in this game are Pareto optimal?
Game Matrix II
The following questions refer to the game matrix below. Player A can play the strategies "High" and "Low," and Player B can play the strategies "Odd" and "Even."
a. The upper right-hand corner only.
b. The lower right-hand corner only.
c. Both the upper and lower right-hand corners.
d. All outcomes except the upper left-hand corner.
c. Both the upper and lower right-hand corners.
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With reference to the graph above, if the intended aim of the price ceiling set at $6 was a net increase in the well-being of consumers, then positive analysis would consider:
A. whether the surplus transferred from consumers to producers is larger than the consumer surplus lost to deadweight loss.
B. whether the producer surplus lost to deadweight loss is larger than the producer surplus gained from a higher price.
C. whether the surplus transferred from producers to consumers is larger than the consumer surplus lost to deadweight loss.
D. whether the producer surplus lost due to lower prices is larger than the producer surplus lost due to fewer transactions taking place.
What are the main costs to a country that adopts dollarization?
What will be an ideal response?
As a result of current laws banning the sale of human organs, the supply of human organs ______ as demand increases.
a. steadily rises b. steadily declines c. remains constant d. sharply rises
If the actual federal funds rate is 9 percent and the Fed's target federal funds rate is 8 percent, the Fed is most likely to adopt which of the following policies?
A. A sale of government bonds B. A reduction in the reserve requirement C. A more contractionary monetary policy D. An increase in the discount rate