Which of the following is the most accurate statement?
a. Trade policy has neither microeconomic nor macroeconomic effects.
b. Trade policy has similar microeconomic and macroeconomic effects.
c. The effects of trade policy are more macroeconomic than microeconomic.
d. The effects of trade policy are more microeconomic than macroeconomic.
d
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In the prisoner's dilemma game, the sentence that each player receives depends on
a. neither strategy chosen b. only the strategy the player chooses c. only the strategy the other player chooses d. the strategy the player chooses and on the strategy the other player chooses e. None of the answers is correct.
A devastating war that kills people and destroys buildings will:
A: shift the PPF outward B: shift the PPF inward C: move the economy from one point to another along the PPF D: move the economy to a point beyond the PPF E: move the economy to a point inside the PPF