A Nash equilibrium is
A. the same as a dominant strategy.
B. is the outcome where a player has selected her best strategy, given the choices of the other players.
C. occurs in a game when a cartel solution is reached.
D. occurs when one player can change her strategy and be better off.
Answer: B
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The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
Which of the following statements is true?
A) In any game, the best response of a player is also her dominant strategy. B) The best response of a player is not always her dominant strategy. C) A prisoners' dilemma game is an example of a zero-sum game. D) A prisoners' dilemma game is an example of an extensive-form game.
Which of the following is correct? In the 1990's
a. the Fed maintained low inflation because it had to follow a policy rule. b. the Fed maintained low inflation even without being required to follow a policy rule. c. the Fed was not required to follow a policy rule and let inflation move higher. d. the Fed was required to follow a policy rule, but it provided the Fed enough discretion that inflation moved higher.
You will still be able to get public broadcasting whether or not you contribute to their fund-raising campaign, so you decide ________ contribute. This is an example of the free-rider problem, and is intrinsic to ________ goods.
A. to; private B. not to; private C. to; public D. not to; public