If tastes are identical between countries, then comparative advantage is determined by

Catherine is risk averse. When faced with a choice between a gamble and a certain level of wealth, she will

A) always prefer the gamble. B) always prefer the certain level of wealth. C) prefer the gamble if the expected utility from it is higher than the utility from the certain level of wealth. D) prefer the certain level of wealth if the expected utility from the gamble is higher than the utility of the certain level of wealth.

When, in the game in Scenario 13.14, the strategy that would not be chosen under any circumstances is removed, what is left is a

A) Battle of the Sexes game. B) Matching Pennies game. C) Prisoners' Dilemma game. D) Beach Location game. E) constant-sum game.