The table below shows how the payoffs to two political candidates depend on whether the candidates run a positive or negative campaign. The payoffs are given in terms of the percentage change in the number of votes received.
Running a negative campaign is ________ for the ________ candidate.
A. a dominant strategy; Democratic
B. neither a dominant nor dominated strategy; Republican
C. a dominated strategy; Democratic
D. a dominated strategy; Republican
Answer: A
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A changes in which of the following shifts the demand curve for hamburgers?
A) an increase in the price of the meat used to produce hamburgers B) an increase in the price of a hamburger C) a fall in the price of french fries, a complement for hamburgers D) an increase in the number of hamburger restaurants
The tables above show the marginal costs and benefits from production of paper. If the market is perfectly competitive and unregulated, the efficient level of output
A) is achieved. B) can be achieved by giving paper producers a subsidy. C) can be achieved by imposing a Pigovian tax on paper producers. D) cannot be achieved.
The best-fitting line maximizes the residuals
Indicate whether the statement is true or false
If the price of automobiles rise, there will be a(n)
A. increase in the demand for mass transportation. B. increase in the quantity of automobiles demanded. C. decrease in the demand for mass transportation. D. None of the answers are correct.