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Author Question: If a government policy increases benefits to the unemployed without having a detrimental effect on ... (Read 38 times)

storky111

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on: Jul 1, 2018
If a government policy increases benefits to the unemployed without having a detrimental effect on any other constituent, the policy is
 
  A) a Pareto improvement.
  B) redistributive.
  C) regressive.
  D) a positive externality effect.

Question 2

In a finitely repeated prisoners' dilemma game
 
  A) firms will only cooperate if they each adopt a tit-for-tat strategy.
  B) firms cooperate and achieve the collusive Nash equilibrium for all rounds.
  C) firms cooperate for most of the rounds, but switch to the non-cooperative outcome in the final couple of rounds.
  D) firms do not cooperate and the static game Nash equilibrium is the outcome for each round.


chreslie

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

D


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