Investment in safety at the firm level poses a prisoners' dilemma because
A) if each firm plays its dominant strategy, joint profits are maximized.
B) if each firm plays its dominant strategy, joint profits are not maximized.
C) neither firm has a dominant strategy.
D) the Nash equilibrium is not achieved.
B
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Children who play in playgrounds with rubber surfaces instead of gravel surfaces tend to
a. Play safer b. Play rougher c. Not change their play patterns d. Not like playing in the playground
Putting money into mental categories can:
A. cause people to take risks they wouldn't otherwise take. B. help people organize their expenditures. C. cause irrational behavior. D. All of these are true.
Human capital is defined as the
A. Knowledge and skills workers possess. B. Amount of machinery, factories, and buildings an individual owns. C. Dollar value of all the stocks and bonds an individual owns. D. None of the choices are correct.
Suppose that a new study finds that eating more fish will improve a person's health. As a result
A. a smaller amount of fish will be purchased. B. the price of fish will fall. C. the demand for fish will rise. D. the demand for fish will fall.