Much of the research on game theory in recent decades was driven by attempts to analyze actions of players during
a. the Great Depression of the 1930s.
b. World War II.
c. the Cold War between the United States and the Soviet Union.
d. the ascendancy of the conservative movement in the United States in the 1970s and 1980s.
c
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According to the textbook authors, pollution is a growing "social" problem because
A) only society, rather than individuals, pollutes. B) pollution is inefficient. C) pollution is economically efficient. D) more people are beginning to question the moral and legal rights of polluters.
Denmark is an importer of computer chips and adds a $5 per chip tariff to the world price of $12 per chip. Suppose Denmark removes the tariff. Which of the following outcomes is not possible?
a. More Danish-produced chips are sold in Denmark. b. More foreign-produced chips are sold in Denmark. c. Danish consumers of chips become better off. d. Total surplus in the Danish chip market increases.