A firm's net income is also its accounting profit

All of the following are characteristics of game theory except

A) payoffs that are the results of the interaction among players' strategies. B) rules that determine what actions are allowable. C) independence among players. D) strategies that players employ to attain their objectives.

A low unemployment rate implies that

A) job offers are scarce and inflation is high. B) job offers are plentiful and wages are high. C) jobs are permanent and job offers are plentiful. D) jobs are difficult to find, and wages are low.