There are about 50,000 commercial banks in the United States in 2017.
Answer the following statement true (T) or false (F)
False
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Which of the following statements about the prisoner's dilemma is false?
A) The prisoner's dilemma game can never reach a Nash equilibrium as long as players do not cooperate. B) The prisoner's dilemma in a one-shot game leads to a noncooperative, equilibrium outcome. C) The prisoner's dilemma in repeated games could lead to cooperation especially if there is some enforcement mechanism that punishes a player who does not cooperate. D) Players caught in a prisoner's dilemma act in selfish ways that lead to an equilibrium that is sub-optimal.
The intent of indexing is to
a. raise tax revenue automatically during inflation. b. shift the short-run Phillips curve to the right. c. take most of the sting out of inflation. d. reduce inflation gradually.
The? self-interest theory of government explains why many states have limits on
A. taxes and government spending. B. the number of times politicians can be? re-elected. C. the number of people who can be? free-riders. D. all of the above
This prisoner's dilemma game shows the payoffs associated with two firms, A and B, in an oligopoly and their choices to either collude with one another or not.
Given the situation in the matrix shown, we can predict that Firm A's profits will be:
A. $100 million. B. $200 million. C. $300 million. D. $50 million.