Which of the following is true in an ultimatum game if more money is considered to be better than less?
A) The equilibrium outcome in an ultimatum game is equitable.
B) The equilibrium outcome in an ultimatum game is socially efficient.
C) The equilibrium in an ultimatum game is always a dominant strategy equilibrium.
D) There is no unique equilibrium in an ultimatum game.
B
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Unilateral transfers between countries are
A) long-term loans. B) only international gifts, never payments that do not correspond to the purchase of any good, service, or asset. C) part of the current account but not a part of national income. D) known for reducing the income of capital owners. E) the difference between Y and GNP if the identity Y = C + I + G + CA holds exactly.
Suppose the population of the U.S. is 300 million people. Of these, the U.S. Bureau of Labor Statistics classifies 70 million people as "not surveyed," 80 million people as not in the labor force, and 144 million as employed. What would be the unemployment rate in this example?
Select one: a. 2% b. 4% c. 6% d. 8%
The federal income tax code of the United States is
A) progressive. B) proportional. C) regressive. D) progressive for individuals but proportional for married couples.
Compared to a firm under perfect competition, a monopolist:
A) charges less and produces less. B) charges less and produces more. C) charges more and produces less. D) charges more and produces more.