The problem with the prisoner's dilemma, from the point of view of the police, is that no one is ever convicted
Indicate whether the statement is true or false
F
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The balance of trade is the value of:
A. exports minus the value of imports. B. imports minus the value of exports. C. total goods purchased by the U.S. from abroad. D. total goods sold by the U.S. to parties abroad.
Income is more unequally distributed:
a. than wealth b. today than it was 40 years ago c. at a point in time than over the course of a lifetime d. both b. and c.
According to Okun's law
A. an increase in inflation above trend, will lower unemployment B. an increase in real gdp growth above trend, will lower unemployment C. an increase in interest rates, above trend, will lower unemployment D. an increase in real gdp growth, above trend, will lower inflation
If the law of increasing opportunity costs is operable, and currently the opportunity cost of producing the 1,000th unit of good X is 0.5Y, then the opportunity cost of producing the 2,001st unit of good is X is most likely to be
What will be an ideal response?