Cooperation in prisoner's dilemma-type games:
A. always benefits the players and the public.
B. doesn't always benefit the players, but always benefits the public.
C. doesn't always benefit the players or the public.
D. always benefits the players, but does not always benefit the public.
Answer: D
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On January 25, 2009, one U.S. dollar traded on the foreign exchange market for about 0.75 euros. Therefore, one euro would have purchased about ________ U.S. dollars
A) 0.75 B) 1.00 C) 1.33 D) 1.75
Suppose that there are five bottles of lemonade, each of which gives a consumer the same level of utility. According to the law of diminishing marginal utility, how can the consumer receive the highest utility?
a. Consume all five bottles in the next hour b. Consume all five bottles today c. Consume all five bottles in one day next week d. Consume two bottles today and three tomorrow e. Consume one bottle each day for the next five days
If the MPC is 0.75, what is the value of the government purchases multiplier?
a. -1.33 b. 3.0 c. -3.0 d. 4.0 e. -4.0
The goal of requiring licenses for hunting and fishing is
a. to reduce the use of a common resource. b. to ensure that the people hunting and fishing are qualified. c. to generate revenue for the government. d. to monitor compliance with federal gun laws.