In the prisoners' dilemma game, each player
A) has only one possible strategy.
B) can choose from two strategies.
C) can choose from three strategies.
D) can choose from four strategies.
B
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The term capital, as used in macroeconomics, refers to
A) the amount of money that someone can invest in a new venture. B) the amount of money a firm can raise in the stock market. C) physical capital. D) All of the above answers are correct.
Which of the following is false? a. The nature of public goods is such that the government cannot accurately assess the benefits of those affected. b. National defense and flood control are illustrations of public goods
c. Just as in the case of external costs, public goods tend to be underprovided by the private sector. d. All of the above are true.
The balance of trade is derived by subtracting merchandise imports from merchandise exports
Indicate whether the statement is true or false
Which of the following does not contribute to an institutional structure that promotes economic growth?
A. A pro-business environment. B. Well-defined property rights. C. Entrepreneurial incentives. D. Policy uncertainty.