In the dictator game:
A. one player (the dictator) divides a fixed prize between himself and another player (the recipient) who is an active participant.
B. one player (the dictator) divides a fixed prize between himself and another player (the recipient) who is an passive participant.
C. one player (the dictator) must keep a fixed prize all to himself.
D. one player (the dictator) must give all of a fixed prize to another player (the recipient) who is a passive participant.
B. one player (the dictator) divides a fixed prize between himself and another player (the recipient) who is an passive participant.
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In practice, the most difficult aspect of IV estimation is
A) finding instruments that are both relevant and exogenous. B) that you have to use two stages in the estimation process. C) calculating the J-statistic. D) finding instruments that are exogenous. Relevant instruments are easy to find.
Bank capital equals assets minus liabilities
Indicate whether the statement is true or false
Refer to the information provided in Figure 4.4 below to answer the question(s) that follow.
Figure 4.4Refer to Figure 4.4. Assume that initially there is free trade. If the United States allowed drilling for more oil in the Gulf of Mexico, it could
A. decrease the demand for domestic oil. B. reduce the supply of domestic oil. C. reduce U.S. oil imports without a tariff. D. increase the domestic price of oil.
The above table contains information about the nation of Syldavia. There are no income taxes or imports in this nation. The expenditure multiplier is equal to
A) 1.25. B) 10. C) 0.8. D) 2. E) 5.