In an ultimatum game
A) non-profit-maximizing behavior often occurs.
B) players move simultaneously.
C) players act in an economically rational way.
D) one player receives nothing.
A
You might also like to view...
The study of economics is best described as a study of
A) capitalism. B) the factors that influence the stock and bond markets. C) the choices made in producing goods and services. D) how people earn a living. E) coping with scarcity, and choices made as a result of scarcity in a society.
Refer to Figure 27-6. In the dynamic model of AD-AS in the figure above, if the economy is at point A in year 1 and is expected to go to point B in year 2, Congress and the president would most likely
A) increase taxes. B) raise interest rates. C) increase oil prices. D) increase the money supply and decrease the interest rate. E) increase government spending.