In the "Prisoners' Dilemma" game:
a. When the prisoners follow their dominant strategy and confess, both will be better off than if both had remained silent.
b. a player would be better off if he did not confess and the other player confessed
c. a player would be better off if he confessed when the other player also confessed, but not if the other player did not confess.
d. None of the above is true.
d
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Malthus's gloomy economic outlook for humankind is based on the following principle: a. Population, when unchecked, increases at a faster pace than the production of output
b. Population grows at a slower pace than the production of output. c. Resources grow faster than humankind can reproduce itself. Therefore, humankind can never take full advantage of available resources. d. Resources and population grow at constant percentage rates, but political divisions prevent an equitable division of world output.
The natural rate of unemployment does not include
a. frictional unemployment b. technological unemployment c. workers who are unemployed because of a recession d. people laid off because the demand for their good disappeared, such as blacksmiths e. people who voluntarily quit their jobs to look for other, more promising jobs