When people make decisions on the basis of the face value of currency rather than the real value, their decisions reflect

Store clerks are known to have low wages. This is likely to reflect the fact that

a. store clerk jobs are perceived to be relatively easy, thus attracting low-skill workers. b. store clerk jobs are perceived to be relatively difficult, thus attracting high-skill workers. c. many people perceive the job of store clerk as having significant risk of death on the job. d. store clerks are required to have a college degree.

In the prisoner's dilemma setting for producing and stealing, a tax imposed on participants could end up changing the payoff matrix so that

A) one participant is better off, and one participant is worse off. B) both participants are worse off. C) both participants are better off. D) all of the above are possible