An economy has two workers, Jen and Rich. Every day they work, Jen can produce 2 TVs or 10 radios, and Rich can produce 4 TVs or 12 radios. What is the opportunity cost for Rich to produce one radio?

A technique for locating equilibria by marking the best strategy a player can use to counter each of his or her rival's possible moves is called

A) a win-win situation. B) cooperative coordination. C) cell-by-cell inspection. D) best-response analysis.

If individuals save less because inflation lowers returns on savings, this should ________ real interest rates and ________ investment expenditures

A) raise; increase B) raise; reduce C) lower; increase D) lower; reduce