Which of the following is true of resources?
a. Resources are inputs used to produce goods and services.
b. Human resources reflect the skills and productive knowledge of human beings.
c. With the passage of time, investment activities can increase the availability of resources.
d. All of the above are true.
D
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In the prisoner's dilemma game, each player's dominant strategy leaves her with a larger payoff than she could receive by cooperating with the other player; however, the "prisoner's dilemma" is that as a result of noncooperation she cannot chose
dominant strategy. Indicate whether the statement is true or false
If Big Fitness, a large workout facility, offers a discounted membership to college students, this is an example of ________.
A) zero-degree price discrimination B) first-degree price discrimination C) second-degree price discrimination D) third-degree price discrimination
In terms of GDP, counting ______ leads to double counting.
a. exported goods b. goods sold in bulk c. agricultural goods d. intermediate goods
Which of the following is not a component of M1?
A. Currency B. Passbook savings account C. Checking accounts D. Traveler's checks issued by non-banks