The table below shows how the payoffs to two political candidates depend on whether the candidates run a positive or negative campaign. The payoffs are given in terms of the percentage change in the number of votes received. 
In the Nash equilibrium of this game:
A. as long as one party runs a positive campaign, the other does too.
B. both candidates run positive campaigns.
C. one candidate runs a positive campaign, and the other runs a negative campaign.
D. both candidates run negative campaigns.
Answer: D
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In the circular-flow diagram,
a. firms own the factors of production. b. The factors of production are labor, land, and capital. c. The factors of production are also called "output." d. All of the above are correct.
Units of CapitalNumber of WorkersOutput/Day50051405290531505420055235
Refer to Table 2.3. The principle of diminishing returns first occurs when how many workers are hired?
A. 2 B. 3 C. 4 D. 5
A friend tells you he is studying the incidence of the corporate income tax. What is the subject of his study?
A. how the burden of corporate taxation is distributed among stockholders, employees, and consumers B. how inflation affects the amount of tax revenue collected from firms C. how frequently corporations should be taxed D. how corporations can aid the government in collecting delinquent taxes
Profitability in cotton farming depended on which of the following factors?
(a) Physical crop yields (b) World and domestic cotton prices (c) Subsistence farming during periods of low cotton prices (d) All of the above