Liz has a comparative advantage in ________ because ________
A) smoothies; she can produce more smoothies per hour than Joe can
B) salads; she can produce more salads per hour than Joe can
C) smoothies; her opportunity cost of producing smoothies is lower than Joe's
D) both goods; she can produce more of both goods per hour than Joe can
E) salads; her opportunity cost of producing salads is lower than Joe's
C
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A dominant strategy ________
A) always results in equal payoffs to all the players in a game B) always results in zero payoff to the opponent C) results in a higher payoff irrespective of the strategy chosen by the other player D) always results in a lower payoff irrespective of the strategy chosen by the other player
The effective use of coercion in a society ultimately depends upon
A) fear. B) free enterprise. C) police enforcement. D) voluntary cooperation.