When income taxes are ________ progressive, then output is ________ sensitive to price-level changes

The simultaneous export and import of airplanes by the United States is an example of

A) increasing returns to scale. B) imperfect competition. C) intraindustry trade. D) interindustry trade.

The dominant strategy for each of the players in the prisoner's dilemma game does not yield the optimal outcome for each player because:

A) each player is misinformed about the decision that has been made by the other player. B) the players do not understand the consequences of each of the choices they can make. C) the two players are not allowed to communicate or otherwise cooperate with each other. D) each player fails to consider how the other player might act.