This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If cars are normal goods, a fall in income will a. Increase the demand for cars b. Decrease the ... (Read 138 times)

joe

  • Hero Member
  • *****
  • Posts: 627
on: Jul 1, 2018
If cars are normal goods, a fall in income will
 a. Increase the demand for cars
 b. Decrease the demand for cars
 c. Have no effect on the demand for cars
  d. None of the above

Question 2

In repeated games, all of the following allow a firm to escape an inefficient prisoners dilemma equilibrium except
 a. Be nice, don't strike first
 b. Respond immediately to non-cooperation
 c. Punish competitors as much as you can
 d. Make sure your competitors can easily interpret your actions


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cat123

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

c


joe

  • Hero Member
  • *****
  • Posts: 627
Reply #2 on: Jul 1, 2018
Thank you


cat123

  • Sr. Member
  • ****
  • Posts: 310
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Ranges of normal temperature values Ranges of normal temperature values
Changes in Synaptic Density From Birth to Age 2 Synaptic connections increase throughout the first Changes in Synaptic Density From Birth to Age 2 Synaptic connections increase throughout the first
Normal white blood cell and a white blood cell undergoing apoptosis Normal white blood cell and a white blood cell undergoing apoptosis
How high a hill would a 75-kg hiker have to climb to increase her gravitational potential ... How high a hill would a 75-kg hiker have to climb to increase her gravitational potential ...
Normal and elevated anion gap metabolic acidosis Normal and elevated anion gap metabolic acidosis
Regulatory effects of the vascular endothelium in normal and pathologic states Regulatory effects of the vascular endothelium in normal and pathologic states
Video: Ear Virtual Tour Animation

For a complete list of videos, visit our video library