When decisions are guided strictly by short-run gains, this is known as
A) opportunistic behavior.
B) the prisoners' dilemma.
C) tit-for-tat strategy.
D) a positive-sum game.
Answer: A
Economics
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Refer to the figure above. Social surplus will be maximized if the quantity supplied of Good X is ________
A) Q1 B) Q2 C) greater than Q1 D) greater than Q2
Economics
Refer to the scenario above. Which of the following techniques is used to arrive at the optimum decision in the scenario?
A) Optimization in levels B) Comparative statics C) Total net benefit approach D) Principal of Optimization at the Margin
Economics