In a repeated prisoners' dilemma game
A) the players act sequentially.
B) the outcomes are the same as in a static prisoners' dilemma game.
C) firms' choices are not influenced by their opponents' actions.
D) cooperation may result if the game is played indefinitely.
D
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Which of the following is an implicit cost of going to college?
a. Tuition. b. Books. c. Lost income. d. Future income. e. Room and board.
Suppose there are 4 million people in an economy that are classified as unemployed. After a more thorough investigation, it becomes obvious that 200,000 of these people are actually phantom unemployed. As a result of this discovery, the unemployment rate will
A. Remain unchanged until the unemployed find a job. B. Decrease. C. Increase initially but decrease when the phantom unemployed receive unemployment benefits. D. Increase.