Equilibrium in a repeated one-stage game:
A. requires cooperation.
B. does not require cooperation.
C. can only be found if the game is finite.
D. can only be found if the game is infinite.
B. does not require cooperation.
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Which of the following displays these two characteristics: nonrivalry and excludability?
A) public goods B) private goods C) quasi-public goods D) common resources
In 2009, President Obama proposed raising the income tax on those making over $250,000 per year. Discuss the merits of this plan.
What will be an ideal response?
Frictional unemployment is a "necessary" cost of a dynamic economy
a. True b. False Indicate whether the statement is true or false
If a country's international reserves are decreasing, then its exchange rate is ________ and there is a balance-of-payments ________.
A. undervalued; surplus B. undervalued; deficit C. overvalued; surplus D. overvalued; deficit