In a prisoner's dilemma game, the dominant strategy is to defect

As the relative price of a good falls, the substitution effect implies that people buy

A) less of that good and more of its substitutes. B) more of that good and less of its substitutes. C) less of that good and less of its substitutes. D) more of that good and more of its substitutes.

When lumber from Brazilian forests is used by a U.S.-owned company to produce furniture in Canada, the value of the furniture produced will be counted as a final good in

A) Canada's GDP. B) U.S. GDP. C) Brazil's GNP. D) Brazil's GDP.