Which of the following is TRUE for the game in Scenario 13.4?
A) NRG's dominant strategy is to sponsor the marathon.
B) NRG's dominant strategy is to sponsor the TV show.
C) Vita's dominant strategy is to sponsor the marathon.
D) Vita's dominant strategy is to sponsor the TV show.
E) Neither company has a dominant strategy.
E
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Other things being equal, a national health insurance program would
A) decrease the demand for health care. B) decrease moral hazard. C) decrease total health care expenditures. D) reduce individuals' incentives to make decisions that promote better health.
The government purchases component of aggregate demand includes
I. all purchases by government agencies of goods and services produced by firms. II. direct production by government agencies themselves. III. government expenditures on transfer payments. A) I only B) I and II only C) I and III only D) I, II, and III
Economic theory easier to explain or predict government policies when
What will be an ideal response?
Which of the following is a positive economic statement?
A) People should not buy imported fruits and vegetables. B) The government should subsidize solar power for homeowners. C) The minimum wage law causes unemployment. D) The number of work visas should not be limited by the government.