Since Ditto can always be expected to choose the same activity as Dot in the copycat game
a. any move by Dot to escape from Ditto would not be a Pareto improvement.
b. any move by Dot to escape from Ditto would be a Pareto improvement.
c. Ditto's choice to follow Dot is a Pareto improvement over going by himself.
d. Ditto's choice to follow Dot would be a Pareto improvement over playing by himself so long as Dot does not move.
a. any move by Dot to escape from Ditto would not be a Pareto improvement.
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Which of the following is NOT related to fiscal policy?
A) increasing government expenditures B) decreasing marginal tax rates C) passage of new securities laws D) reducing the budget deficit
Belgium's real GDP per person is $33,000 and Austria's is $34,700. The population growth rate in Belgium is 0.13 percent and the growth rate of real GDP is 3.0 percent
The population growth rate in Austria is 0.08 percent and the growth rate of real GDP is 3.3 percent. If these growth rates continue, how many years will it take for Belgium's real GDP per person to equal Austria's real GDP per person? A) Belgium's standard of living will never equal Austria's. B) just over 23 years C) just over 24 years D) just over 21 years E) over 230 years
The only difference between a one- and two-sided hypothesis test is
A) the null hypothesis. B) dependent on the sample size n. C) the sign of the slope coefficient. D) how you interpret the t-statistic.
Which of the following is the best example of a government effort to address market failure in relation to the FOR WHOM to produce question?
A. Regulations reducing pollution. B. Antitrust policy. C. Transfer payments. D. The production of goods that allow free riders.