Author Question: As income rises, the share of income spent on food in the United States A) falls. B) remains ... (Read 166 times)

kodithompson · **on:** Jun 29, 2018

As income rises, the share of income spent on food in the United States

A) falls.
B) remains constant at 15 percent.
C) remains constant at 33 percent.
D) rises.

Question 2

A collusive agreement between two duopolists is similar to the prisoners' dilemma because in both games

A) the best outcome is always achieved.
B) each players strategy depends on what the other player does.
C) the Nash equilibrium is not the best outcome for the players.
D) All of the above answers are correct.