If the stock of physical capital remains constant while employment rises, output
a) initially declines, then eventually rises
b) increases at an increasing rate
c) remains constant in real terms
d) increases at a decreasing rate
e) fluctuates with the price level
d) increases at a decreasing rate
Economics
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Refer to the scenario above. This game ________
A) has a unique Nash equilibrium B) has a unique dominant strategy equilibrium C) does not have a dominant strategy equilibrium D) does not have a Nash equilibrium
Economics
One way to solve the free-rider problem is:
A. have the government provide the good at a certain cost. B. make the good or service more excludable. C. tax those who truly value the good. D. tax everyone an equal amount for the good.
Economics