Author Question: According to the economics of exhaustible resources, if the interest rate increases, A) an ... (Read 51 times)

krzymel · **on:** Jul 1, 2018

According to the economics of exhaustible resources, if the interest rate increases,

A) an exhaustible resource will be used up sooner.
B) an exhaustible resource will be used up over a longer period of time.
C) the period of time until an exhaustible resource is used up will not change.
D) none of the above

Question 2

In a two-person bargaining situation it is

A) always in the best interests of both players for each player to be as flexible as possible, and to have as many options as possible.
B) always in the best interest of the player that moves first to be as flexible as possible, and to have as many options as possible.
C) often in the best interest of players to pretend a game is noncooperative when it is not, and vice versa.
D) often in the best interest of players to cut off some of their own options in order to make the other player's threats not credible.
E) often in the best interest of players to cut off some of their own options in order to make their own threats credible.