The dominant strategy allows a firm to
A. obtain the highest benefit, regardless of its rivals' actions.
B. escape from a Prisoners' Dilemma situation.
C. transform a negative-sum game into a positive-sum game.
D. transform a zero-sum game into a positive-sum game.
Answer: A
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Compensating differentials are
A) non-monetary benefits from being employed, such as health-care benefits. B) higher wages that compensate the more experienced workers in a field. C) wages paid to workers where the supply of labor is great relative to demand. D) higher wages that compensate workers for unpleasant aspects of a job.
Among marketable government securities, the largest dollar volume is in the form of
A) Treasury bonds. B) Treasury notes. C) Treasury bills. D) federal funds.
China, the last large communist society,
a. has proved that a command economy has far less pollution problems than capitalist economies. b. has urban smog levels higher than Los Angeles. c. has the world's most sophisticated pollution-control devices. d. has lowered its level of pollution dramatically since 1980.
In the U.S. economy, building human capital is more important than building physical capital
a. True b. False Indicate whether the statement is true or false