Most Americans agree that

A. a certain amount of income redistribution is called for.
B. absolutely no income redistribution should be carried out.
C. we need completely equal distribution of income.


A. a certain amount of income redistribution is called for.

Economics

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In the Prisoners' Dilemma game,

a. the Nash equilibrium is the only outcome that is not Pareto optimal. b. neither player has a dominant strategy. c. the Stackelberg equilibrium will be Pareto optimal if the game is played sequentially. d. all possible outcomes are Nash equilibria.

Economics

A production quota set below the equilibrium quantity creates

A) a decrease in supply B) a decrease in marginal cost C) a rise in price D) inefficient underproduction E) all of the above

Economics

The net effect of regional trade agreements has been

A) an increase in the total amount of trade in the world. B) a decrease in the total amount of trade in the world. C) no change in the total amount of trade in the world. D) either an increase or decrease in the amount of trade in the world, depending on where trade takes place.

Economics

At what stage of the securitization process was moral hazard a major problem?

a. Mortgage origination. b.Due diligence and mortgage servicing. c. Rating securitized issues. d. All of the above

Economics