Refer to the above figure. The figure gives the payoff matrix for two individuals who are being accused of robbing a bank together. If Bob does not confess, what is the best strategy for Harry?
A) Confess.
B) Don't confess.
C) Flip a coin to decide what to do.
D) There is no best strategy.
A
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The new Keynesians emphasize the importance of
A) rational expectations. B) sticky wages and prices. C) real causes of the business cycle. D) the monetary growth rule.
Ceteris paribus, which of the following would cause a decrease in the demand for HD TVs?
a. decline in the price of HD TVs. b. increase in the price of HD TVs. c. increase in consumers' income. d. decrease in consumers' income.
Answer the following statement(s) true (T) or false (F)
1. Social Security involves cash transfer payments. 2. The United States spends a higher portion of GDP on healthcare than any other industrialized nation. 3. The demand for healthcare has deceased over the past several decades. 4. The demand for healthcare is fairly inelastic. 5. Third-party payments act as an incentive for patients and physicians to minimize heath care costs.
If the cross elasticity of demand between good A and good B is negative, then a decrease in the price of good A results in
A) an increase in the demand for good B. B) a decrease in the demand for good B. C) a movement downward along the demand curve for good B. D) an increase in the supply of good B. E) a decrease in the supply of good B.