In the sequential negotiation games:
a. You can induce a change in the strategy in your opponent only if your threat is believed
b. Any threat can induce a change in strategy in your opponent
c. The best threat is the one that you do not have to carry out
d. A and C
d
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The Eyes Wide Open Company is considering producing binoculars that can be used to directly view the sun during a solar eclipse, but it knows that some customers could potentially go blind when using the product. The Eyes Wide Open Company
A) should definitely not produce these binoculars. B) has no way to include the value of the potential damage to eyesight in its cost-benefit analysis. C) has little choice but to include the value of the potential damage to eyesight in its cost-benefit analysis. D) must redesign the binoculars so there is absolutely no possibility of damaged eyesight to customers.
The relationship between changes in income and purchase of a good indicates
a. whether the good is a luxury or necessity. b. whether the good is normal or inferior. c. whether the good is a complement or substitute. d. Both a and b.
Which of the following is consistent with diminishing marginal product? a. The more you study each day, the more you learn from each added hour of study
b. The more you study each day, the less you know. c. Beyond some point, each added hour studying each day adds less to what you know than the previous hour's study. d. None of the above.
(Consider This) According to the Council of Economic Advisers:
A. skilled immigrants regularly displace domestic-born workers. B. skilled immigrants pay more in taxes than they receive in services from the government. C. immigration is a net drain on the U.S. economy and should be more tightly restricted. D. children of immigrants frequently lack the skills to perform well academically, particularly in math and science.