The Laffer curve suggests that if tax rates get too _____, the government's tax revenues will _____.

If the marginal propensity to consume foreign imports(MPC F) is equal to 0.15, then a(n):

a. increase in domestic consumption will generate a 15% rise in imports. b. decrease in domestic consumption will generate a 15% rise in imports. c. increase in domestic income will generate a 15% rise in imports. d. decrease in domestic income will generate a 15% rise in imports.

In the prisoner's dilemma game, each player's dominant strategy leaves her with a larger payoff than she could receive by cooperating with the other player; however, the "prisoner's dilemma" is that as a result of noncooperation she cannot chose

dominant strategy. Indicate whether the statement is true or false