The prisoner's dilemma game can involve:
A. only two players.
B. multiple organizations.
C. more than two players.
D. All of these statements are true.
Answer: D
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What would you expect the market value to be for a four year bond that has a face value of 10,000 and a coupon return of $2000 when the market interest rate is 6%?
A) $14,851.15 B) $6,930.21 C) $13,742.22 D) $18,000.00
. An example of a nonrenewable resource would be:
A. trees. B. rivers. C. an oil deposit. D. All of these are examples of nonrenewable resources.
The most likely impact of an unanticipated increase in the money supply is a(n): a. increase in the real interest rate, which in turn stimulates investment and GDP
b. decrease in the real interest rate, which in turn stimulates investment and GDP. c. decrease in real output, which causes the real interest rate to decline and in turn stimulate investment and GDP. d. increase in real output, which causes the real interest rate to decline.
The substitution effect
A. is equal to the income effect for a normal good. B. is always smaller than the income effect. C. reduces the quantity demanded of a good when its price increases. D. is always greater than the income effect.