Bill and Bev are playing the ultimatum game, starting with $50 . A coin flip results in Bev being the one to propose a division of the $50 . If Bev acts as economic theory assumes, she should propose that
a. she gets $30 and Bill gets $20.
b. she gets $25 and Bill gets $25.
c. she gets $24 and Bill gets $26.
d. she gets $49 and Bill gets $1.
d
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If the abatement level were 20 percent, what would be the levels of MACmktand MCE? What do these values convey about total abatement costs incurred by polluting sources and by government at this 20 percent abatement level?
What will be an ideal response?
Debit cards: a. allow individuals to prepay a certain amount of money to the card and then use it to make purchases
b. allow individuals to use it to make purchases and then pay a certain amount of money to the card. c. perform the same functions as money as long as the cardholder's bank account has sufficient funds to allow the transactions. d. allow easy loans to the individuals who hold the card.
Net exports are negative when:
a) a nation's imports exceed its exports. b) the economy's stock of capital goods is declining. c) depreciation exceeds domestic investment. d) a nation's exports exceed its imports.
Refer to the information provided in Figure 6.2 below to answer the question(s) that follow.
Figure 6.2Refer to Figure 6.2. Along budget constraint AC, the opportunity cost of one beer is
A. 1/4 of a gardenburger. B. 1 gardenburger. C. 2 gardenburgers. D. changing as Mr. Lingle moves down his budget constraint.