A tax reduction shifts the consumption schedule downward
a. True
b. False
Indicate whether the statement is true or false
False
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The prisoners' dilemma has an equilibrium that is
A) a Nash equilibrium and both players confess. B) not a Nash equilibrium and both players confess. C) a Nash equilibrium and both players deny. D) not a Nash equilibrium and both players deny.
Suppose the nation of Alphonia was charged with dumping electric lawnmowers in the nation of Omegalon. The charge of dumping electric lawnmowers in the Omegalon market means that Alphonia was accused of:
A. selling faulty electric lawnmowers in Omegalon. B. selling electric lawnmowers below cost or below domestic prices. C. selling counterfeit-branded electric lawnmowers in Omegalon. D. discarding electric lawnmowers which would not sell in their home country.