When you work to support your lifestyle, you are making a tradeoff

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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Consider the market for automobile transportation services, which are produced by taxicabs, buses, and companies like Uber and Lyft. Suppose that the federal government imposes a tax on producers of transportation services, and a separate tax on consumers of transportation services. What would you expect to happen to the equilibrium quantity and price of transportation services?

a. The equilibrium quantity decreases and the equilibrium price decreases. b. The equilibrium quantity decreases and the equilibrium price increases. c. The equilibrium quantity increases, and the change in the equilibrium price is ambiguous. d. The equilibrium quantity increases and the equilibrium price increases. e. None of the above.

Economics

As defined by Thomas Schelling, a "strategic move" is

A) any strategy choice in a game. B) any strategy choice consistent with Nash equilibrium. C) any strategy choice in a sequential game. D) a strategy choice that influences the subsequent strategy choice of another player. E) a strategy choice that restricts the set of outcomes available to another player.

Economics