The above figure shows the payoff to two firms in an industry deciding to make an investment in worker safety. The dominant strategy for each firm
A) is to do the opposite of the other firm.
B) is to make the investment.
C) is to not make the investment.
D) does not exist.
C
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Given the values in the table above, the real interest rate r = ________ when equilibrium output Y = 15
A) 9.8 B) 3.8 C) 3.18 D) 10 E) none of the above
If pizzas and quesadillas are substitutes and the price of pizzas decreases, we would expect to see:
A. an increase in the quantity demanded for quesadillas. B. a decrease in the demand for quesadillas. C. an increase in the demand for quesadillas. D. a decrease in the quantity demanded for quesadillas.
When only one buyer has access to a particular labor market,
A. There is no seller concentration. B. A monopoly exists. C. A monopsony exists. D. There is no buyer concentration.
When countries try to ban child labor,
A) most children start to attend school. B) family poverty decreases. C) child labor often moves to the informal economy. D) GDP increases.