This topic contains a solution. Click here to go to the answer

Author Question: As income rises, the share of income spent on food in the United States A) falls. B) remains ... (Read 195 times)

kodithompson

  • Hero Member
  • *****
  • Posts: 566
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

voltaire123

  • Sr. Member
  • ****
  • Posts: 301
Answer to Question 1

A

Answer to Question 2

C




kodithompson

  • Member
  • Posts: 566
Reply 2 on: Jun 29, 2018
Excellent


AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

For a complete list of videos, visit our video library