Inflation
A. has no impact on taxing strategies.
B. can be temporarily offset with tax cuts.
C. only became a tax problem in the late 1990s.
D. generally affects state governments most severely.
B. can be temporarily offset with tax cuts.
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Refer to the figure below. Player B can infer that Player A will: 
A. always choose Up. B. always choose Down. C. choose Up when B chooses Left and choose Down when B chooses Right. D. choose Down when B chooses Left and choose Up when B chooses Right.
Explain the effects of communal farming on the incentive for individual farmers to expand their farms, relative to the incentives that exist in a market system
What will be an ideal response?
Reaching a Nash equilibrium means that:
A. the outcome will be positive-positive. B. the players have failed to reach a stable outcome because one player will always wish to change his strategy once he finds out what the other player is doing. C. a cooperative equilibrium has been reached. D. the players have reached a stable outcome where neither would wish to change his strategy once he finds out what the other player is doing.
The term "statistical significance" is commonly applied to a p-value of
A. ? 1. B. ? 0.5. C. ? 0.05. D. ? 0.10.