All games share three characteristics. Two of these characteristics are rule and strategies. What is the third characteristic called?

Which of the following would be most likely to increase the quantity of money demanded?

a. A decrease in real income b. An increase in real income c. A decrease in the interest rate d. An increase in the cost of converting other assets into money e. An increase in the price level

The choice on a production possibilities set that is socially preferred or the choice on an individual's budget constraint that is personally preferred displays allocative efficiency

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