A game in which any gains one player makes are offset by equal losses by another player is known as a
A) zero-sum game.
B) positive-sum game.
C) negative-sum game.
D) cooperative game.
A
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When states make car insurance mandatory for all drivers, it
A) raises rates for everyone because it brings bad drivers into the pool. B) raises rates for high-risk drivers. C) may lower rates for all drivers to the extent that it keeps low-risk drivers in the pool. D) prevents high-risk drivers from "selecting out," to the detriment of low-risk drivers. E) increases the amount of information available to insurers about the population.
One aspect of bank accounting is that many liabilities of banks are
a. assets of other persons and businesses in the economy. b. also liabilities of other persons and businesses in the economy. c. not matched by liabilities of most other banks. d. not actually owed to any other person or business in the economy.