Refer to the scenario above. Alice will earn an expected surplus of ________ if she uses her optimal strategy to win the game

Legislators are indifferent about placing a unit tax on the suppliers of a good or the demanders. If a tax is placed on the suppliers of the good _____

a. suppliers will pay the entire tax b. suppliers will pay more than if the tax were initially placed on the demanders c. suppliers will pay exactly what they would pay if the tax were initially placed on the demanders d. suppliers will pay less than if the tax were initially placed on the demanders

What type of unemployment occurs when automation replaces workers?

a. cyclical b. frictional c. seasonal d. structural