If a game is a fair bet, then people will be willing to play the game regardless of the payoffs.

Which of the following arguments is typically associated with classical economists?

A) A market economy is self-correcting and thus will not remain in a recession indefinitely B) A market economy has stable prices and thus is usually free from inflation C) A market economy requires a strong government to ensure that the market meets the needs of the people D) A market economy needs only moderate assistance from the government to avoid an extended recession E) A market economy eventually results in monopolies in both the input and output markets

This chapter discussed natural and randomized experiments. How does a natural experiment differ from a randomized one? Which one is likely to yield more accurate results?

What will be an ideal response?