U.S. macroeconomic data show that a stable Phillips curve existed during the 1960s
a. True
b. False
Indicate whether the statement is true or false
True
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An indirect tax is exemplified by
A) an income tax. B) a sales tax. C) a subsidy. D) None of the above answers is correct.
In sequential games, the player who moves first:
A. sometimes has an advantage and sometimes has a disadvantage. B. always has a first-mover advantage. C. has a first-mover advantage only when the second mover fails to choose the dominant strategy. D. has a first-mover advantage only when he or she is able to make a credible threat or promise to choose a dominated strategy.
The notion of interest sensitive consumption would be most readily observed when people buy
A. insurance. B. health care. C. food. D. furniture.
Voting against ones preferences in the initial round of a runoff election in order to prevent the selection of an undesirable alternative in the final round is called
A) ballot manipulation. B) strategic voting. C) naive voting. D) the voting paradox.