The table above shows the payoff matrix for a prisoners' dilemma game. The Nash equilibrium is that
A) both prisoners do not confess.
B) both prisoners confess.
C) prisoner A confesses while prisoner B does not confess.
D) prisoner A does not confess while prisoner B confesses.
B
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Those who believe that the federal government should make it a priority to balance its budget argue that
A. Running a budget deficit is never justifiable. B. Budget deficits cause real interest rates to be too low. C. Government debt incurred today will lower the living standards of future generations. D. Government debt held in private hands is a danger to national security. E. Taxes should always be assessed at the level of aggregate demand.
All of the following location characteristics can result in lower worker salaries except which one?
A) unpleasant work conditions B) low cost of living C) great climate D) short commute time