Within a game theory model, if a change in decision-making raises corporation A's profits by $100 and lowers corporation B's profits by $200, the game is a
A) negative-sum game.
B) zero-sum game.
C) positive-sum game.
D) cooperative game.
Answer: A
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In 2005, about 5 percent of all members of the U.S. labor force were holding more than one job. This is called moonlighting. To reduce unemployment, should the government ban moonlighting?
What will be an ideal response?
Pricing policy can serve as a barrier to entry
Indicate whether the statement is true or false
Assume that business investment spending rises, and the increase is funded by greater borrowing in the capital markets. If the nation has low mobility international capital markets and a fixed exchange rate system, what happens to the GDP Price Index and monetary base in the context of the Three-Sector-Model? a. The GDP Price Index rises and monetary base rises
b. The GDP Price Index rises and monetary base falls. c. The GDP Price Index and monetary base fall. d. The GDP Price Index and monetary base remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
According to classical economists, the only types of unemployment that exist in an economy are
A. structural and frictional unemployment. B. seasonal and cyclical. C. frictional and seasonal. D. cyclical and frictional.