A downtown diner daily serving the same business people will be more likely to serve a tasty lunch than a snack bar at a tourist attraction
What will be an ideal response?
True. The diner will benefit from a good reputation with consumers. The business people will repeatedly visit a good diner. The snack bar at the tourist attraction will usually only serve consumers once. There is no need to build a good reputation.
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In the "Prisoners' Dilemma" game, an individual player is best off if: a. both prisoners confess
b. neither prisoner confesses. c. she confesses and the other prisoner does not. d. the other prisoner confesses, while she does not.
Which of the following impacts of the terrorist attacks of September 11, 2001, would not show up as a direct loss to GDP?
a. The loss of jobs in the WTC b. The loss of restaurant income near ground zero c. The loss of WTC itself d. The loss of rental income to landlords for buildings near ground zero e. The loss of jobs in the surrounding area.