Which of the following is not a characteristic of a prisoner's dilemma game?
A) Defecting is a dominant strategy for each player.
B) Each player has two strategies: cooperate or defect.
C) There is a single Nash equilibrium.
D) The Nash equilibrium is the best outcome for each individual and for the grou
D
Economics
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The term capital, as used by economists, refers to
a. money b. the physical space in which production occurs c. the time allocated to producing goods and services d. financial securities such as stocks and bonds e. machinery and equipment that is not used up during the production process
Economics
Explain how a “conservative” and a “liberal” might differ in the types of policies they advocate to counteract a recessionary gap.
What will be an ideal response?
Economics