The table below shows how the payoffs to two political candidates depend on whether the candidates run a positive or negative campaign. The payoffs are given in terms of the percentage change in the number of votes received. 
In the Nash equilibrium of this game:
A. one candidate runs a positive campaign, and the other runs a negative campaign.
B. both candidates run negative campaigns.
C. both candidates run positive campaigns.
D. as long as one party runs a positive campaign, the other does too.
Answer: B
You might also like to view...
Use the following figure showing the domestic demand and supply curves for product B in a hypothetical economy to answer the next question.
Prior-to-trade (autarky) total economic surplus equals areas
A. A + B + C + E + F + J + I. B. A + B + C + D. C. A + B + C. D. A + B + C + E + F.
The divergent behavior of unemployment in the United States and Europe, especially in the 1990s,
a. has been ascribed to different structural characteristics of money markets in the two regions. b. has been attributed to different structural characteristics of labor markets in the two regions. c. cannot be explained for these two regions. d. has been explained with different demographic factors in the two regions.
Reductions in private spending as a result of increased government spending or the need to finance a budget deficit is called
A) pushing in. B) rushing forth. C) crowding in. D) crowding out.
Forest lives in complete isolation in Montana. He is self-sufficient and feeds himself through hunting, fishing, and farming. Which of the following statements about Forest is true?
A. Forest doesn't have to consider costs and benefits. B. Forest has to make trade-offs. C. Forest has unlimited resources. D. Forest is not required to make trade-offs because he is self-sufficient.