Which of the following is a dynamic game?

An increase in the time to the promised future payment ________ the present value of the payment

A) decreases B) increases C) has no effect on D) is irrelevant to

Which of the following did not occur during the Industrial Revolution?

a. Production became more reliant on highly specialized equipment. b. A more efficient division of labor was promoted. c. Workers bore much of the costs of production. d. The transaction costs of contracting with individual resource owners were reduced. e. Technological development increased the productivity of most workers.