________ are a form of regional integration where member countries lower internal trade barriers and establish a common barrier against nonmembers

Refer to the above figure. Ajax and Greenco are oligopolists. Above you are given the payoff matrix for the two firms giving the payoff associated with different pricing strategies. What is the dominant strategy for Greenco?

A) high price B) low price C) There is no best strategy. D) Not enough information is given to determine the best strategy.

"Any tax cut to increase demand for output should favor lower-income people" is a ________ statement about ________ policy.

A. normative; monetary B. normative; fiscal C. positive; monetary D. positive; fiscal