An increase in labor productivity would cause a rightward shift of the labor supply curve.
Answer the following statement true (T) or false (F)
False
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At a fair carnival roulette wheel, a player can either win $10, $30, or $80 . Assuming that the wheel is fair, what is the expected value of the play?
a. $20 b. $40 c. $60 d. $80
The players of prisoner's dilemma-type games:
A. would be much better off if they could cooperate. B. have an incentive to never cooperate. C. have a dominant strategy to never cooperate. D. All of these statements are true.
The United States need never pay off the national debt; it can simply refinance the debt when it comes due. The flaw in thinking that the government must pay it off is based on the fallacy of
A. benefit-cost ratio. B. post hoc, ergo propter hoc. C. composition. D. a priori expectations.
When total utility falls, marginal utility is _____.
a. ?at its maximum b. ?positive c. ?negative d. ?infinite e. ?zero