In a three-player game, if the game is symmetric and one player does not have a dominant strategy, then the other two players also have no dominant strategy
Indicate whether the statement is true or false
TRUE
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Entrepreneurs tend to have a comparative advantage in
A) arbitrage. B) manipulating market prices. C) stealing other people's ideas. D) selling their products below cost. E) hiring others to act as residual claimants.
Examining the conditions that could lead to economic growth is an example of a macroeconomics topic
Indicate whether the statement is true or false
A decrease in price of a certain good most likely will lead to
a. an increase in quantity demanded and an increase in demand. b. an increase in quantity demanded but no change in demand. c. an increase in demand but no change in quantity demanded. d. no change in demand and no change in quantity demanded.
Critics argue that society is depleting its energy resources far too quickly. The most likely explanation for this behavior is that
a. firms try to avoid making irreversible decisions about resource depletion. b. investors expect interest rates to fall continuously in the future. c. individuals tend to value their own well-being more highly than the well-being of future generations. d. people do not have what Pigou called a "defective telescopic faculty."