In a simultaneous move game, ________
A) each player has to make his choice after knowing his rival's choice
B) each player has to make his choice without knowing his rival's choice
C) there is always more than one Nash equilibrium
D) there is always more than one dominant strategy equilibrium
B
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Total planned real expenditures measured along the aggregate demand curve are made up of
A) consumption spending, factor payments, investment spending, and net export spending. B) consumption spending, income, government spending, and net export spending. C) consumption spending, saving, investment spending, and government spending. D) consumption spending, investment spending, government spending, and net export spending.
Fill in the blank: a combination of two goods that lies beyond the production possibilities frontier ________
A) can be produced with the current set of resources B) cannot be produced with the current set of resources C) can never be produced with any set of resources D) can be produced but only if the producer becomes more greedy