In the ultimatum game, when the allocator and the recipient care about fairness, how is the distribution of $20.00 affected?
a. Allocators receive everything, and recipients receive nothing.
b. Recipients usually reject offers of less than a 10 percent share.
c. Allocators usually offer recipients a very small share.
d. Allocators and recipients always end up sharing the $20.00 equally.
b. Recipients usually reject offers of less than a 10 percent share.
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If the opportunity cost of 1 wristwatch is 4 wall clocks in Japan and 2 wall clocks in Germany, it makes sense for Germany to produce wristwatches
Indicate whether the statement is true or false
When real GDP increases, the demand for money ________ and the demand for money curve ________
A) does not change; does not shift B) increases; shifts rightward C) increases; shifts leftward D) decreases; shifts leftward E) decreases; shifts rightward