If you are assigned the role of Player A in the Ultimatum game and you propose that player B gets $1 and you get $99
a. you are behaving as a rational wealth-maximizer and player B is likely to accept your offer.
b. you are behaving as a rational wealth-maximizer and player B is likely to reject your offer.
c. you are not behaving as a rational wealth-maximizer and player B is likely to accept your offer.
d. you are not behaving as a rational wealth-maximizer and player B is likely to reject your offer.
b
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During the second Bush administration, environmental fines and prosecutions
a. increased rapidly. b. declined significantly. c. grew with the rate of inflation. d. declined slightly from earlier levels.
Assume the United States and Australia have the same amount of resources. In a given time period, the United States can produce 2 tons of beef or 200,000 cars. Australia can produce 1 ton of beef or 100,000 cars. This means that
A. Australia has an absolute advantage in both beef and cars. B. Australia has a comparative advantage in cars. C. The United States has an absolute advantage in both beef and cars. D. The United States has a comparative advantage in beef.