An equilibrium in a game in which players pursue their own self-interest is called
A) a prisoner's dilemma. B) a Nash equilibrium.
C) a noncooperative equilibrium. D) a cooperative equilibrium.
C
You might also like to view...
Moving ________ the short-run Phillips curve is equivalent to moving ________
A) downward along; downward along the aggregate demand curve B) downward along; downward along the potential GDP line C) downward along; upward along the aggregate demand curve D) downward along; upward along the potential GDP line E) upward along; upward along the aggregate supply curve
The Desert Land Act (1877) and the Cary Act (1894) liberalized the terms for preemption that had been set originally in the 1862 Homestead Act
Indicate whether the statement is true or false
Refer to Scenario 17.3. If there is no insurance and no fire protection program in place, the expected loss from fire for this company is
A) $0. B) $300. C) $3,000. D) $6,000. E) $300,000.
Which of the following will not cause consumption, and as a result, aggregate demand, to increase?
a. an optimistic business forecast of future income growth b. a tax cut c. an increase in consumer confidence d. a tax increase