Rock-paper-scissors (Roshambo) is an example of a ________ game
A) simultaneous
B) sequential
C) dominant strategy
D) weakly dominant
A
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What is the difference between tax cuts imposed on higher-income households compared with lower- and middle-income households? Discuss the implications for the multiplier and the effectiveness of the tax cuts for boosting GDP
Almost half of all spells of unemployment end when the unemployed person leaves the labor force
a. True b. False Indicate whether the statement is true or false
If a firm offers to pay a worker $10 for each hour of leisure the worker gives up, then the opportunities confronting the worker will be given by the:
A. straight line with a positive slope. B. convex curve from the origin. C. straight line with a negative slope. D. concave curve from the origin.
Suppose coffee is sold in a monopolistically competitive market, where coffee is differentiated by coffee shop location. As firms enter in the long run and the price of coffee falls:
A. the market quantity of coffee demanded will increase, but the quantity of coffee supplied by any individual coffee shop declines. B. the market quantity of coffee demanded will decrease as does the quantity supplied from any individual coffee shop. C. the average costs of production decline. D. the profits of individual coffee shops increase.