A game in which any gains one player makes are offset by equal losses by another player is known as a
A) zero-sum game.
B) positive-sum game.
C) negative-sum game.
D) cooperative game.
A
You might also like to view...
Refer to Table 17.1. The employment rate for this simple economy is
A) 40%. B) 50%. C) 75%. D) 80%.
Mutual funds that invest only in companies that meet certain criteria and usually exclude companies that produce tobacco, weapons, or alcoholic beverages are known as:
a. socially responsible funds. b. global funds. c. equity funds. d. fixed-income funds. e. money market funds.
An example of an implicit cost is:
A. the wages paid to workers. B. the interest on business loans. C. the imputed rent on a store owned by the firm. D. the materials used to produce the product.
The following are all determinants of income differences examined in the text EXCEPT
A. age. B. inheritance. C. marginal productivity. D. height.