In 1863, the total number of slaves in America was about:
a. 50 thousand.
b. 1 million.
c. greater than $4 million.
d. 1 billion.
e.
b. 4 million.
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The relationship between a pure-strategy Nash equilibrium and a dominant-strategy equilibrium is that
A) a dominant-strategy equilibrium is a special case of a pure-strategy Nash equilibrium. B) a pure-strategy Nash equilibrium is a special case of a dominant-strategy equilibrium. C) they are the same. D) there may not be a dominant-strategy equilibrium, but there always is a pure-strategy Nash equilibrium. E) they are mutually exclusive and exhaustive, in that a dominant-strategy equilibrium is the same thing as a mixed-strategy Nash equilibrium.
People from which nation were most likely to come to colonial North America as indentured servants?
a. England. b. Liberia. c. Germany. d. France.
Free markets can
A. produce goods and services with maximum efficiency. B. permanently solve unemployment. C. completely protect the environment. D. All of these responses are correct.
Which of the following is NOT a reason a firm might experience economies of scale?
A. dimensional factors B. more productive equipment C. increasing long-run average costs D. specialization