If the wage rate paid in the fast-food outlets in a small town is greater than the reservation wage of all the teenagers in the town and less than the reservation wage of all the adults, then the fast-food outlets will hire ________

While rent subsidies have some disadvantages, one advantage of rent subsidies is _____

a. administrative costs are low b. there is little chance of fraud c. the renter can chose from among different housing qualities d. renters have a strong incentive to shop carefully

Dynamic and static games have outcomes that

A) may be different. B) are always different. C) are not Nash equilibria. D) result from dominant strategies.