Refer to Scenario 12.2. In this game, Eliza's tough strategy would lead to her preferred equilibrium of
A) Eliza donates a kidney and Jerome does not.
B) both Eliza and Jerome donate a kidney.
C) Jerome donates a kidney and Eliza does not.
D) neither Eliza nor Jerome donates a kidney.
C
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Which of the following are factors of production?
a. The outputs generated by the production process transforming land, labor, and capital in to goods and services. b. Restricted to the land resources such as natural resources that are unimproved by human economic activity. c. Land (natural resources), labor (human capital, entrepreneurship), and capital (constructed inputs such as factories). d. Just labor and capital in industrialized countries, where natural resources are no longer used to produce goods and services.
Unemployment will decrease over time if:
a. actual GDP increases faster than potential GDP. b. actual GDP increases at the same rate as potential GDP. c. acutal GDP remains the same but potential GDP increases. d. actual GDP increases at a less than proportionate rate than potential GDP. e. actual GDP decreases but potential GDP increases.