The three elements of a game are:
A. the costs, the revenue, and the profit.
B. the firm, the consumers, and the profit.
C. the players, the strategies, and the payoffs.
D. the model, the graph, and the costs.
Answer: C
You might also like to view...
If there are no statistical discrepancies, NDP is:
a) NI minus net foreign factor income. b) NI plus corporate income taxes. c) GDP deflated for increases in the price level. d) GDP minus taxes on production and imports.
A product that is produced in 2015 and not sold until 2016 will be counted in the GDP for
A. both 2015 and 2016. B. neither 2015 nor 2016. C. 2015 D. 2016
In the U.S. balance of payments, U.S. purchases of assets abroad are a(n):
A. U.S. dollar outflow. B. U.S. dollar inflow. C. current account item. D. inpayment.
Acid rain is an example of a negative externality.
Answer the following statement true (T) or false (F)