A consumer values a house at $525,000 and a producer values the same house at $485,000 . If the transaction is completed at $510,000 . what level of tax rate will result in unconsummated transaction?

If two variables have the same rate of growth over the long run, their ratio will:

A) remain constant over the long run. B) initially decrease and then increase. C) decrease over the long run. D) increase over the long run.

Describe the prisoners' dilemma game and explain why the Nash equilibrium delivers a bad outcome for both players

What will be an ideal response?