The due process (or takings) clause is found in the
a. Fifth Amendment
b. The Declaration of Independence
c. The preamble to the U.S. Constitution
d. In New Deal legislation
e. First amendment
A
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A situation in which both players can adopt moves such that each player's move is its most profitable response to the move of the other is the
a. prisoner's dilemma. b. Nash equilibrium. c. maximin criterion. d. tacit collusion.
The basic difference between macroeconomics and microeconomics is that
a. microeconomics is concerned with aggregate markets and the entire economy, while macroeconomics is concerned with specific individual markets. b. macroeconomics is concerned with policy decisions, while microeconomics applies only to theory. c. microeconomics is concerned with individual markets and the behavior of people and firms, while macroeconomics is concerned with aggregate markets and the entire economy. d. macroeconomics is concerned with positive economics, while microeconomics is concerned with normative economics.