The prisoner's dilemma demonstrates that
a. breaking out of prison may be too costly for most prisoners
b. the opportunity cost of being a prisoner is indeterminate
c. the dominant strategies followed by two prisoners may lead to disequilibrium that is unpredictable
d. the weak strategy may be followed by both prisoners if the opportunity cost is low
e. the dominant strategies followed by two players may lead to an equilibrium that is less not optimal for both players together
E
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If the cost of the CPI market basket at current period prices is $1000 and the cost of the CPI market basket at base period prices is $250, the CPI is
A) 2.50. B) 400. C) 250. D) 100. E) 4.0.
Profits earned in the United States by a foreign-owned firm would be included in
a. gross domestic product and gross national product. b. gross national product but not in gross domestic product. c. gross domestic product but not in gross national product. d. neither gross domestic product nor gross national product.