Countries that maintain a constant gold value for their currencies are said to be on a gold standard
a. True
b. False
Indicate whether the statement is true or false
True
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The tax incidence on sellers is higher if ________
A) the buyers and sellers of a good are equally sensitive to price changes B) the buyers are more sensitive to price changes than the sellers C) the sellers are more sensitive to price changes than the buyers D) the number of buyers in a market is larger than the number of sellers
An increase in the cost of training to acquire a skill, which must be paid by the worker,
a. increases both the supply of and demand for labor in that market b. decreases both the supply of and demand for labor in that market c. increases the supply of labor and decreases the demand for labor in that market d. decreases the supply of labor and increases the demand for labor in that market e. decreases the supply of labor only in that market
In the calculation of a country's GDP per capita, the entire population of the country is included, irrespective of age
a. True b. False Indicate whether the statement is true or false
Consider the accompanying payoff matrix.
Is this game a prisoner's dilemma?
A. It's a prisoner's dilemma for player B, but not for player A. B. It's a prisoner's dilemma for player A, but not for player B. C. No. D. Yes.