Persons who do not have jobs and who do not look for work are considered:
a. unemployed

Which of the following is TRUE about the effects of an excise tax if consumers are totally unresponsive to price changes?

A) Consumers pay all of the excise tax. B) Producers pay all of the excise tax. C) Consumers and producers share the excise tax equally. D) Neither consumers nor producers pay the excise tax.

In the prisoner's dilemma: a. the outcome obtained when both confess is worse for each than the outcome they would have obtained had they both remained silent. b. whatever the other does, each is better off confessing than remaining silent

c. we see a conflict between group and individual rationality. d. all of the above