A game in which any gains by the group are exactly offset by equal losses by the end of the game is called the
A) negative-sum game.
B) zero-sum game.
C) positive-sum game.
D) cooperative game.
B
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According to the textbook application, China’s demand for automobiles
a. is linked in part to the nation’s rising income and economic prosperity b. is limited because of the absence of automobile plants in China c. has declined because of the migration of people from urban to rural areas d. has grown slowly over the past several years
Explain how mutual funds are advantageous to small investors
Which of the following support the idea that monetary policy should be made by a rule?
a. the political business cycle and the time-inconsistency problem b. the political business cycle but not the time-inconsistency problem c. the time-inconsistency problem, but not the political business cycle d. neither the political business cycle nor the time-inconsistency problem
When a Canadian citizen enjoys military protection in Canada without contributing to the cost of Canada's defense budget, then
A. this citizen receives no benefits if Canada is attacked. B. this Canadian citizen is a free rider. C. Canada is a free rider. D. Canada's defense budget will run out of funds.