Cooperation in repeated prisoner's dilemma situations seems to be enhanced by all of the following except
a. limited punishment schemes
b. clarity of conditional rewards
c. grim trigger strategy
d. provocability--i.e., credible threats of punishment
e. tit for tat strategy
c
Economics
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If tax reduction and simplification are effective, then
A) fewer new firms will be established, since existing firms will make more profit. B) saving and investment in new capital will increase. C) interest rates will rise in financial markets and demand for financial assets falls. D) real wages will rise as labor supply and demand increase.
Economics
If the wage exceeds the value of the marginal product of labor, then hiring another worker
a. decreases the firm's total revenue. b. increases the firm's profit. c. decreases the firm's total cost. d. decreases the firm's profit.
Economics