A game in which both players want to coordinate, but each player prefers coordinating on a different outcome is called
A) an assurance game.
B) a pure coordination game.
C) a battle of the sexes game.
D) a chicken game.
C
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How do the wages in the United States compare to those in northern Europe?
A. U.S. wage rates are higher than those of all northern European nations. B. Northern Europe’s average wage rates are higher. C. U.S. wage rates are higher than those in Germany and the Netherlands. D. They are similar.
Use the following table to answer the next question.All figures below are in billions of dollars.Domestic Output or Income (RGDP = DI)Consumption$240$244250250260256270262280268290274300280310286320292When there is no investment in this private closed economy (an economy with only a private sector and no international trade), the equilibrium level of real GDP will be
A. $240 billion. B. $270 billion. C. $260 billion. D. $250 billion.
Ordinary income is taxed at a higher rate than capital gains
a. True b. False
The long-run supply curve for a product differs from the short-run supply curve in that the long-run supply curve is usually
a. vertical. b. more inelastic. c. more elastic. d. of unitary elasticity.