Southern slave owners were not rational people and did not strive to maximize profits through the use of the slave system of production

Indicate whether the statement is true or false

False

Economics

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The prisoners' dilemma has an equilibrium that is

A) a Nash equilibrium and both players confess. B) not a Nash equilibrium and both players confess. C) a Nash equilibrium and both players deny. D) not a Nash equilibrium and both players deny.

Economics

The level of output when there is full employment is called actual GDP

Indicate whether the statement is true or false

Economics