The players of prisoner's dilemma-type games:

A. have a dominant strategy to never cooperate.
B. would be much better off if they could cooperate.
C. have an incentive to never cooperate.
D. All of these statements are true.


Answer: D

Economics

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Higher unemployment tends to be associated with

A) the classical model. B) higher real GDP. C) higher nominal GDP. D) lower real GDP.

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Proponents of deficit reduction argue that the principal effect will be an

a. outward shift of the aggregate supply curve. b. inward shift of the aggregate supply curve. c. outward shift of the aggregate demand curve. d. inward shift of the aggregate demand curve.

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Which theory says that inflation occurs when the demand for goods exceeds the existing supply?

(A) Quantity theory (B) Demand-pull theory (C) Cost-push theory (D) Supply-and-demand theory

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Marketable equity securities should be valued at cost.

a. true b. false

Economics