Democracy _______ essential to economic growth and according to the capabilities approach should _______________.
A. is; also be seen as essential to sustaining basic freedoms
B. is not; still be essential in sustaining basic freedoms
C. is not; not be considered as improving lives if it doesn't directly contribute to growth
D. is; not be considered to create capabilities without directly contributing to growth
B. is not; still be essential in sustaining basic freedoms
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A game's outcome is a Nash equilibrium when
a. any attempt to improve one player's payoff will lower the other player's payoff. b. neither player wants to change his strategy, given the strategy chosen by the other player. c. the total payoff to the players is as large as possible. d. the first player has selected his strategy taking the second player's optimal response into account.
Establishing a state employment agency that speeds up the process of matching unemployed workers with unfilled jobs is an attempt to lower
A) unnatural unemployment. B) seasonal unemployment. C) cyclical unemployment. D) frictional unemployment. E) structural unemployment.
________ unemployment occurs naturally in the labor market as workers search for jobs
A) Cyclical B) Frictional C) Structural D) Inflationary
The amount of information an individual would seek before making a decision:
A. varies directly with the importance of the decision. B. is about the same across all individuals. C. depends on how much time it will take to get the information regardless of the decision. D. is the same across all decisions but varies across individuals.