If a duopolists' collusive price-fixing game can be played repeatedly,
A) one possible equilibrium is that both firms cheat.
B) players can signal their willingness to cooperate.
C) players can punish cheaters in the following game.
D) All of the above answers are correct.
D
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Assume the population growth rate is 2 percent and the real GDP growth rate is 5 percent. The change in standard of living, as measured by the growth rate in real GDP per person, is
A) 7 percent. B) 2.5 percent. C) 5 percent. D) 3 percent. E) -3 percent.
Which of the following are statisticians who compile statistics to predict the risk of an event occurring in the population?
A) rocket scientists B) quants C) actuaries D) risk analysts
Consider the above figure. At an income of $60 we would expect saving to be equal to
A) $60. B) $40. C) $10. D) $0.
By 2030, the number of workers per Social Security beneficiary will be approximately
a. two. b. three. c. four. d. six.