People are unlikely to choose to pay extra for a low-emissions automobile, because they:
a. do not fully understand the environmental benefits of lower emissions.
b. are better off "free-riding" on others' attempts to reduce emissions.
c. would have to sacrifice fuel efficiency and automotive performance.
d. cannot afford the extra expense of "green" technology.
b
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The prisoners' dilemma is an example of
A) product differentiation. B) collusion. C) game theory. D) monopolistic competition. E) decision making in a monopoly.
Seigniorage refers to
A) real resources a government earns when it prints money to use for spending on goods and services. B) nominal resources a government earns when it prints money to use for spending on goods and services. C) real resources a government earns when it prints money. D) nominal resources a government earns when it prints money. E) real resources a government earns when it issues bonds to use for spending on goods and services.
One of the surprising conclusions of many of the noncooperative models of oligopoly is that firms end up better off with the noncooperative outcome than they would by cooperating with one another
Indicate whether the statement is true or false
In a system of flexible exchange rates, lower inflation abroad would induce
a. a rise in the U.S. exchange rate. b. a fall in the U.S. rate of exchange. c. a balance of payments deficit for the United States. d. no change in U.S. exchange rates.