A free agent is a player who
A. can sell his services to the highest bidder.
B. is eligible to be drafted.
C. is bound to the team he was under contract with the previous year.
D. must play for free.
Answer: A
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Refer to Figure 3.5. Answer the following questions about the game represented in the figure:
a. What type of game is represented by the payoff matrix? b. Does Donald have a dominant strategy, and if so, what is it? c. Does Donald have a dominant strategy, and if so, what is it? d. What is the cooperative solution? e. What is the Nash equilibrium?
Suppose that homemakers are included as employed in the labor force statistics, rather than being counted as out of the labor force. This would
A) increase the measured labor force participation rate. B) increase the measured unemployment rate. C) decrease the number of persons in the working-age population. D) decrease the number of persons in the labor force.
Which of the following is included in GDP, but may not have been economically beneficial?
a. Building schools b. Water treatment plant construction c. Residential alarm installations d. Airport construction
The cost of trash removal goes up, in part at least, because labor productivity in auto manufacturing goes up
a. True b. False Indicate whether the statement is true or false