The notion of a tit-for-tat strategy applies to a prisoners' dilemma game that is played repeatedly, but it does not apply if the game is played only once
a. True
b. False
Indicate whether the statement is true or false
True
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Which graph shows the impact of scientists developing a more powerful fertilizer?
A) Figure A B) Figure B C) Figure C D) Figure D
The term time inconsistency is used to describe:
A. a situation in which we regret choices we make simply because of when we made the choice. B. a situation in which we change our minds about what we want simply because of the timing of the decision. C. people's inability to correctly predict how their current choices will affect them in the future. D. people's inability to make choices today that determine their actions in the future.
Cyclical unemployment occurs when real GDP falls below potential GDP
a. True b. False Indicate whether the statement is true or false
Which of the following investments is most ideal for a lender?
a. An investment that yields a nominal interest of 6 percent per year in a country that faces an inflation of 2 percent per year b. An investment that yields a nominal interest of 4 percent per year in a country that faces an inflation of 2 percent per year c. An investment that yields a nominal interest of 200 percent per year in a country that faces an inflation of 200 percent each year d. An investment that yields a nominal interest of 50 percent per year in a country that faces an inflation of 70 percent each year