The prisoner's dilemma is an example of:
a. A sequential game
b. A non-cooperative game.
c. A shirking game
d. A dating game
b
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In an economy consisting of only two goods, corn and cloth, the amount of extra cloth that can be produced efficiently if corn output is reduced by one unit is equal to:
a. the rate of technical substitution for corn divided by the rate of technical substitution for cloth. b. the rate of technical substitution for cloth divided by the rate of technical substitution for corn. c. the marginal cost of producing cloth divided by the marginal cost of producing corn. d. the marginal cost of producing corn divided by the marginal cost of producing cloth.
Wanda quit her job because she was unhappy at work. Arnold was fired from his landscaping job because his company was downsizing. Who is eligible for unemployment insurance benefits?
a. both Wanda and Arnold b. Wanda but not Arnold c. Arnold but not Wanda d. neither Wanda nor Arnold