Cooperation in prisoner's dilemma-type games:
A. always benefits the players and the public.
B. always benefits the players, but does not always benefit the public.
C. doesn't always benefit the players, but always benefits the public.
D. doesn't always benefit the players or the public.
B. always benefits the players, but does not always benefit the public.
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What is the “right” degree of abstraction necessary to analyze an economic problem?
A. Simple abstraction of only minor details B. Simple abstraction of only irrelevant details C. Total abstraction of all variables D. Total abstraction of all irrelevant details E. There is no “right” degree of abstraction to analyze an economic problem.
Which of the following is NOT included in aggregate expenditure?
A) government expenditure B) consumption expenditure C) net exports D) taxes E) investment
Which of the following is not a resource for a society?
a. cash b. entrepreneurship c. land d. labor
Which of the following is a case of frictional unemployment.
What will be an ideal response?