A prisoner's dilemma problem can be solved by _____
a. the parties are kept from communicating with each other.
b. a third party enforced their cooperation
c. the parties were not guilty of the crime
d. giving the parties sufficient time to arrive at the social beneficial decision
b
Economics
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Refer to the above figure for the market of Cheerios. Which diagram depicts the effect of an increase in the price of Cheerios?
A) A B) B C) neither graph D) both graphs
Economics
In the quantity theory of money:
A. the price level is a function of the supply of money. B. the supply of money is a function of the price level. C. the money supply and the price level are inversely related. D. velocity is always half of the price level.
Economics