Construction workers at times face high rates of unemployment because their work is both seasonal and subject to wide swings over the business cycle

Which of the following situations is least likely to involve strategic interaction?

A) two countries deciding whether to impose trade restrictions on each other B) competing convenience stores deciding how much to charge for coffee C) two customers deciding which toaster to buy from Target D) a state legislature deciding whether to legalize casino gambling

Whenever a choice is made:

A) the cost of that choice could be referred to as opportunity cost. B) the cost is easy to measure in dollar terms. C) a free good must be involved. D) scarcity is not the problem.