In the nonstrategic view of bargaining
a. The games are played without identifying the specific strategies
b. Both the parties usually get some positive surplus
c. The bargaining outcome is affected by both the parties' disagreement values
d. All of the above
d
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Which of the following would cause an increase in the equilibrium price and an increase in the equilibrium quantity of watermelons?
A) an increase in supply and an increase in demand greater than the increase in supply B) an increase in demand and an increase in supply C) a decrease in demand and an increase in supply D) an increase in supply
Incentives matter and different groups of producers, consumers and politicians will support those policies that promise to advance those projects most advantageous to them. Which statement about opposition to or support for U.S
tariff policy during the antebellum period is correct? (a) "Producers in the South objected to tariffs placed on imported goods. They needed them at relatively low prices for their own production." (b) Plantation owners supported a high tariff as protection against cheap cotton imports. (c) Politicians wanted to protect jobs abroad as well as in the U.S. Therefore, they did not support U.S. tariff policies. (d) All of the above are correct.