Refer to the graph below.Which of the shifts explains what will happen to the production possibility curve if political unrest and strikes disrupt all sectors of an economy equally?

Refer to Figure 13.2. If the figure is viewed as a two-player game between Oliver and George, there would be

A) no Nash equilibria. B) one Nash equilibrium where both players end up at the M position. C) two Nash equilibria, one where Oliver ends up at position L4 and George ends up at position C4, and one where both players end up at position M. D) five Nash equilibria, each represented by the two players ending up an equal distance from M.

A perfectly elastic demand curve:

A) is parallel to the price axis. B) is parallel to the quantity axis. C) slopes upward. D) slopes downward.