What is the dominant strategy in the prisoner's dilemma?
A) There is no dominant strategy.
B) Each prisoner confesses because this is the rational action to pursue.
C) Do nothing in the hope that the other prisoner will also do nothing.
D) Do not confess because the other prisoner will most likely confess.
B
Economics
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Which of the following is an example of money functioning as a unit of account?
A) Bank of America charging 7 percent on an auto loan. B) Pepsi charging $1 for a can of soda. C) eBay using PayPal as a method of payment. D) Your writing a check at Target to pay for new clothes.
Economics
Virtually all Federal Reserve open-market purchases and sales are conducted with government securities, mostly
A) Treasury bills. B) Treasury notes. C) Treasury bonds. D) savings bonds.
Economics