In the "Prisoners' Dilemma" game:
a. When the prisoners follow their dominant strategy and confess, both will be better off than if both had remained silent.
b. a player would be better off if he did not confess and the other player confessed
c. a player would be better off if he confessed when the other player also confessed, but not if the other player did not confess.
d. None of the above is true.
d
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Education is an integral part of economic growth
Indicate whether the statement is true or false
Repurchase agreements are often used to
A) increase bank reserves permanently. B) increase bank reserves temporarily. C) reduce bank reserves permanently. D) reduce bank reserves temporarily.
During one winter quarter at Frozen U., snow falls every Friday night. Students assume that, on their campus, Fridays cause snow. This hypothesis
a. should more properly be considered a theory. b. assumes that correlation implies causation. c. assumes that causation implies correlation. d. reflects the fallacy of composition.
World oil consumption runs approximately
A. 96 billion barrels a day. B. 96 million barrels a day. C. 96 thousand barrels a day. D. 96 barrels a day.