A "Prisoners' Dilemma" game demonstrates how ____ is often rational for individuals even though ____
a. the failure to cooperate; cooperation would make everyone worse off
b. the failure to cooperate; cooperation would make everyone better off
c. cooperative behavior; cooperative behavior might make everyone worse off
d. All of the above can be demonstrated with a "Prisoners' Dilemma" game.
b
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A debit card is
A) money because it is a means of payment. B) not money but is used to transfer bank deposits which are money. C) money because it is generally accepted as a means of payment. D) not money because it is not officially issued by the government. E) part of the M2 money supply but not part of the M1 money supply.
Due to the entry and exit of firms in a monopolistically competitive market:
a. economic profits and economic losses are dissipated in the long run. b. economic profits persist in the long run, but not economic losses. c. economic losses will exist in the long run, but not economic profits. d. both economic profits and economic losses exist in the long run.
The Herfindahl-Hirschman Index measures how differentiated products are in a market.
a. true b. false
In what industrial sector are children most likely to be working?
What will be an ideal response?