Rising agricultural prices and opportunities to own land provided people with incentives to migrate to the trans-Appalachian states

Indicate whether the statement is true or false

True

Economics

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Programs to equalize household income would most harm ______.

a. medium-income single people b. low-income large families c. low-income married couples d. high-income large families

Economics

Suppose Jordan and Lee are trying to decide what to do on a Friday. Jordan would prefer to see a comedy while Lee would prefer to see a documentary. One documentary and one comedy are showing at the local cinema. The payoffs they receive from seeing the films either together or separately are shown in the payoff matrix below. Both Jordan and Lee know the information contained in the payoff matrix. They purchase their tickets simultaneously, ignorant of the other's choice.  Suppose a timing element is added to the game, and that Jordan buys a ticket first. Then, after seeing Jordon's choice, Lee buys a ticket. What will be the equilibrium outcome?

A. Jordan will buy a ticket to the documentary and Lee will buy a ticket to the comedy. B. Jordan will buy a ticket to the comedy and Lee will buy a ticket to the documentary. C. Both Jordan and Lee will buy a ticket to the documentary D. Both Jordan and Lee will buy a ticket to the comedy.

Economics