A cooperative equilibrium is most likely to arise in a
A) single-play game with a large number of players.
B) single-play game without communication.
C) repeated game with a large number of players.
D) repeated game with a small number of players.
D
You might also like to view...
Using AK growth models and assuming that the labor force is fixed at the value of 1,
A) real GDP per worker is greater than real GDP per capita. B) real GDP per capita is less than real GDP. C) real GDP is greater than real GDP per worker and real GDP per capita. D) there is essentially no difference in real GDP, real GDP per worker, and real GDP per capita.
If the aggregate demand curve shifts in the short run moving the economy out of long-run equilibrium:
A. the short-run aggregate supply curve will shift to bring it back into long-run equilibrium. B. the aggregate demand curve will eventually shift back once expectations are taken into account. C. inflation will always occur. D. we will move along the short-run aggregate supply curve back to equilibrium.
A year-long drought that destroys most wheat crops for the season would shift the:
A. short-run aggregate supply curve only. B. aggregate demand curve only. C. aggregate demand curve, and the short-run aggregate supply curve would shift in response. D. short-run aggregate supply curve and the long-run aggregate supply curve.
The cross-price elasticity for a complement is negative.
a. true b. false