Which of the following statements is false?
A) Government can remove individuals from a prisoner's dilemma setting and make them better off.
B) In a prisoner's dilemma setting, it is impossible for the government to define and enforce property rights that the individuals involved in the setting want to have defined and enforced.
C) As long as government charges each individual in a prisoner's dilemma setting a tax that is less than the gain received by being removed from the setting, then government has made the individuals better off.
D) Depending upon the amount of the tax charged to each individual in a prisoner's dilemma setting, the government can make both persons better off, both persons worse off, or one person better off and the other person worse off.
B
You might also like to view...
Suppose two companies, Macrosoft and Apricot, and considering whether to develop a new product, a touch-screen t-shirt. The payoffs to each of developing a touch-screen t-shirt depend upon the actions of the other, as shown in the payoff matrix below (the payoffs are given in millions of dollars). 
Which of the following statements is correct?
A. Apricot does not have a dominant strategy. B. Apricot's dominant strategy is to not develop a touch screen t-shift. C. Apricot's dominant strategy is to develop a touch-screen t-shirt if Macrosoft does not. D. Apricot's dominant strategy is to develop a touch-screen t-shirt.
An investment option is profitable if:
A) its net present value is zero. B) its net present value is positive. C) its net present value is negative. D) its present value is negative
Long lags associated with the legislative process in implementing fiscal policy make it more difficult to use than monetary policy
Indicate whether the statement is true or false
Cartels are legal in the United States
a. True b. False Indicate whether the statement is true or false