Suppose Jordan and Lee are trying to decide what to do on a Friday. Jordan would prefer to see a comedy while Lee would prefer to see a documentary. One documentary and one comedy are showing at the local cinema. The payoffs they receive from seeing the films either together or separately are shown in the payoff matrix below. Both Jordan and Lee know the information contained in the payoff matrix. They purchase their tickets simultaneously, ignorant of the other's choice. 
Which of the following statements is true?
A. Jordan does not have a dominant strategy.
B. For Jordan, seeing a comedy is a dominant strategy.
C. Jordan's dominant strategy depends on Lee's choice.
D. For Jordan, seeing a documentary is a dominant strategy.
Answer: A
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A. oligopolists. B. monopolists. C. monopolistic competitors. D. perfect competitors.
In 2006, the United States had
A) a surplus in the current account. B) a balance in the current account. C) a deficit in the current account. D) From 2006 data, it is too difficult to determine whether a surplus or a deficit existed in the current account. E) a positive balance of net financial flows.
If a perfectly competitive industry's long-run supply curve is downward sloping, we can conclude that input prices will:
a. increase as industry output increases. b. decrease as industry output increases. c. remain constant as industry output increases. d. none of these conclusions can be drawn.
Which of the following would not shift the demand for resource Z? a. A decline in the price of resource Z
b. A decline in the price of substitute resource A. c. An increase in the productivity of resource Z. d. An increase in the price of the product resource Z is used to produce.