In game theory, a prisoner’s dilemma
A. never has a dominant strategy.
B. is equivalent to a Nash equilibrium.
C. always has the best result for the players when game is played repeatedly.
D. is a game that has a preferred outcome for the players that is not an equilibrium.
Answer: D
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Regression analysis that analyzes the relationship between one dependent variable and several independent variables is called:
A) simple regression analysis. B) correlation analysis. C) multiple regression analysis. D) cluster analysis.
Rank the following state and local government expenditure categories from smallest to largest
a. education, health, highways b. education, highways, health c. highways, health, education d. health, education, highways.
Exhibit 7-1 Consumer Price Index Year ConsumerPrice Index 1 100 2 110 3 115 4 120 5 125 As shown in Exhibit 7-1, the rate of inflation for Year 2 is:
A. 5 percent. B. 10 percent. C. 20 percent. D. 25 percent.
In output markets, the elasticity of supply tends to be
A. positive. B. negative. C. zero. D. decreasing at an increasing rate.