In the "Prisoners' Dilemma" game:
a. When the prisoners follow their dominant strategy and confess, both will be worse off than if each had remained silent.
b. a player would be better off if he did not confess and the other player confessed

The results of studies of the tobacco industry suggests that college and secondary school students who smoke are much more likely to respond to a change in price than adults who smoke

Indicate whether the statement is true or false

According to the adaptive expectations theory, after many years of rising prices, people tend to ignore past experience in predicting the future rate of inflation

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