A situation in which both players can adopt moves such that each player's move is its most profitable response to the move of the other is the

What term is defined as the change in the amount consumers will buy because they can buy a different product instead?

a. inferior goods b. normal goods c. income effect d. substitution effect

To calculate GDP using the income approach, one of the adjustments made to net domestic product at factor cost is to

A) add investment. B) subtract indirect taxes less subsidies. C) add consumption expenditure. D) subtract investment. E) add depreciation.