A Prisoner's Dilemma game is one in which not cooperating is a dominant strategy despite cooperation making everyone better off. ?
Answer the following statement true (T) or false (F)
True
Rationale: It is often in our self-interest not to cooperate, although we may hope everyone else does.
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Suppose that initially the price of a bag of jellybeans is $6, and the price of a bottle of cola is $2. If the price of a bottle of cola increases, then the relative price of jellybeans
A) increases. B) decreases. C) stays the same, but the relative price of cola increases. D) stays the same, but the relative price of cola decreases.
For each of the following scenarios, state the effect on the debt-to-GDP ratio:
a. The growth rate of the labor force increases. b. The primary deficit increases. c. Total factor productivity decreases. d. Seigniorage decreases. e. The nominal interest rate is constant and the growth rate of the money supply increases. f. The nominal interest rate is not constant and the growth rate of the money supply increases.
During World War I (1914–18), the government did not have to rely on which one of the following reallocation devices?
(a) Inflation (b) Taxes (c) Borrowing (d) Rationing
An increase in the demand curve for orange juice would be illustrated as a
A) leftward shift of the demand curve. B) rightward shift of the demand curve. C) movement up along the demand curve. D) movement down along the demand curve.