Equilibrium in a market exists when there is neither a surplus nor a shortage of the item
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The prisoners' dilemma game
A) shows that prisoners are better off if they cooperate. B) shows it is easy to cooperate. C) has an equilibrium in which both prisoners are made as well off as possible. D) would have the same outcome even if the prisoners can communicate and cooperate. E) has an equilibrium in which one prisoner is made as well off as possible and the other prisoner is made as worse off as possible.
Economics
Since 1995, the net interest payment as a percentage of GDP has:
a. declined. b. doubled. c. tripled. d. quadrupled.
Economics