If relative PPP held, then the real exchange rate must be equal to one

We will run out of renewable resources if we

a. do not ration them b. consume them faster than nonrenewable resources c. extract them faster than we consume them d. consume them faster than they regenerate e. continue to use them at any rate

The dominant strategy allows a firm to

A) obtain the highest benefit, regardless of its rivals' actions. B) transform a negative-sum game into a positive-sum game. C) transform a zero-sum game into a positive-sum game. D) escape from a Prisoners' Dilemma situation.