If the prices of goods and services were expressed in terms of coconuts, then coconuts would be serving as a

When the borrowing constraint is binding, ________

A) wealth is zero B) current consumption is lower than future consumption C) future consumption is lower than current consumption D) consumption smoothing is not possible

In the strategic view of bargaining:

a. You want to improve your opponent's outside options b. You want to decrease your outside options c. Bargaining is of a prisoner's dilemma game d. Bargaining is of a game of 'chicken'