In the prisoners' dilemma game, confessing is a dominant strategy for each of the two prisoners
a. True
b. False
Indicate whether the statement is true or false
True
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One generally recognized positive effect of illegal immigrants is:
A. Lower costs of products and thus lower prices for consumers B. Higher demand for social services C. Reduced average wage rates for workers in some sectors D. Positive effects on national defense
The marginal cost of investment for the firm is equal to
A) 1. B) -1. C) MP'K. D) -MP'K.
The Social Security tax structure in the United States is regressive in nature
a. True b. False Indicate whether the statement is true or false
As one moves down a straight-line, down-sloping demand curve, price elasticity will:
A. change from elastic, to unit elastic, then to inelastic. B. remain the same between any two points. C. change from inelastic, to elastic, then to unit elastic. D. change from unit elastic, to elastic, then to inelastic.