A game in which any gains by the group are exactly offset by equal losses by the end of the game is called the
A) negative-sum game.
B) zero-sum game.
C) positive-sum game.
D) cooperative game.
B
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In the long run, a decrease in the money supply growth rate
a. shifts both the long-run and the short-run Phillips curves right. b. shifts the long-run Phillips curve left and the short-run Phillips curve right. c. shifts the long-run Phillips curve right and the short-run Phillips curve left. d. None of the above is correct.
Which of the following types of firms are least likely to have their MC, AVC, and ATC curves affected by fluctuations in gasoline prices?
A. Firms like UPS that use a fleet of gasoline-powered vehicles. B. Taxi cab and limousine companies. C. Companies that operate bus tours to popular vacation destinations. D. Firms like iTunes that distribute their products over the internet.