Economists often refer to games with more than three players as
A) complex games.
B) n-player games.
C) games of infinity.
D) global games.
B
Economics
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Activity aimed at creating artificial barriers to entry into a particular market
A) is rent seeking. B) has no social cost. C) improves competition. D) improves the economy's efficiency.
Economics
The term "welfare state" describes the idea that:
A. government has a responsibility to promote the economic well-being of its citizens. B. some areas suffer a disproportionate amount of chronic poverty. C. some areas suffer from stagnant economic growth. D. None of these is true.
Economics