In a Nash equilibrium no player wants to change his or her strategy
Indicate whether the statement is true or false
True
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If in the market for peaches the supply curve has shifted to the left
A) the quantity of peaches supplied has decreased. B) the quantity of peaches supplied has increased. C) the supply of peaches has increased. D) the supply of peaches has decreased.
In Keynes's liquidity preference framework, if there is excess demand for money, there is
A) an excess demand for bonds. B) equilibrium in the bond market. C) an excess supply of bonds. D) too much money.
What would a person do if the market wage is less than his or her reservation wage?
A. The person will be unemployed. B. The person will enter the labor market. C. The person will work more hours as the wage falls further. D. The person will work as much as possible. E. The person will not participate in the labor force.
Recall the Application about the benefits generated when one country gathers information on global weather to answer the following question(s).Recall the Application. When the U.S. acquires and then shares weather data with organizations in other countries:
A. both the U.S. economy and the economies of other countries benefit. B. the U.S. does not benefit and other countries free ride. C. the information is excludable and rival. D. the information is incomplete because no country can monitor oceans outside its own borders.