Firms are more likely to find themselves in a prisoner's dilemma in sequential games as opposed to simultaneous games
Indicate whether the statement is true or false
FALSE
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According to neuroeconomists, the limbic portion of the brain called the amygdala is more primitive and deals with emotion
a. True b. False Indicate whether the statement is true or false
An appreciation in the value of the dollar would
a. make U.S. goods less expensive to foreigners. b. encourage U.S. consumers to buy more foreign goods. c. increase the number of dollars that could be purchased with a Mexican peso. d. discourage U.S. consumers from traveling abroad.
Comparative advantage implies choosing the activity that
A. has the lowest opportunity cost. B. does not demand any specialization. C. is inside the production possibilities frontier. D. has a high opportunity cost.
The short-run supply curve for the perfectly competitive firm is the portion of its
A. MC curve above the AVC curve. B. MC curve above the ATC curve. C. MC curve above the MR curve. D. MC curve above the AFC curve.