In a repeated prisoners' dilemma game
A) the players act sequentially.
B) the outcomes are the same as in a static prisoners' dilemma game.
C) firms' choices are not influenced by their opponents' actions.
D) cooperation may result if the game is played indefinitely.
D
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When PAE decreases then the economy will move towards:
A. lower levels of equilibrium GDP. B. higher levels of equilibrium GDP. C. constant levels of GDP. D. higher levels of equilibrium aggregate expenditure.
Risk-benefit analysis of chemicals is difficult because
a. there is a void in formal assessments of health and ecological risks b. perception of risk of chemical exposure is not always aligned with actual risk c. the estimation of social benefits is particularly daunting d. U.S. policy on toxic chemicals is not as well established as it is for policy on air and water quality e. all of the above
On which of these bonds is the prospect of default most likely?
a. a junk bond b. a municipal bond c. a U.S. government bond d. a corporate bond issued by Proctor & Gamble Corporation
W. Edwards Deming, the quality expert, has hinted that incentive pay is actually counterproductive. Economic analysis indicates that enhancing corporate culture and incentive rewards plans are
A. complements for each other. B. the sources of all inefficiencies in modern businesses. C. substitutes for each other. D. convex functions of the technology principle.