In the "Prisoners' Dilemma" game:
a. prisoners are able to collude with one another
b. prisoners are unable to communicate with one another.
c. the Nash equilibrium results in prisoners serving the smallest combined prison term.
d. the Nash equilibrium results in one prisoner confessing, while the other does not.
b
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Fill in the blank: National income accountants define a(n) ________ good as something purchased with the goal of reselling it or further processing or remanufacturing it into another sellable good
A) scarce B) intermediate C) final D) finished E) completed
Suppose you put $500 into a bank account today. Interest is paid annually and the annual interest rate is 3%. The future value of the $500 in 5 years to the nearest cent is
a. $575.00 b. $578.81 c. $579.64 d. None of the above is correct.
The stimulus package adopted in 2009 by newly-elected President Obama included
A. only discretionary fiscal policy programs. B. only non-discretionary fiscal policy programs. C. neither discretionary nor non-discretionary fiscal policy programs. D. both discretionary and non-discretionary fiscal policy programs.
The recognition time lag recognizes that it takes time
A. for the politicians to enact the policy once the need for change has been recognized. B. to get politicians to agree on the best policy to enact. C. for any change in policy to take effect and for people to recognize that the policies are effective. D. to collect information about the state of the economy.