In a repeated prisoner’s dilemma situation, cooperation can be achieved _____. a. if player A cooperates as long as player B cooperates b. if player A continually defects on player B c. if player A cooperates regardless of what player B does d. never ANSWER a
Date: September 9th, 2020
The above figure shows the market for apples. If the government restricts output to no more than 300 pounds, then A) 300 pounds of apples will be sold at $3. B) 200 pounds of apples will be sold at $3. C) no apples will be sold. D) None of the above. ANSWER B
Date: September 9th, 2020
Even if college imparted no additional knowledge to its graduates, they are likely to earn more because _____. a. firms like to say they only hire college graduates b. of the connections that one makes in college c. a college degree sends a signal of innate ability to employers d. their parents help them get […]
Date: September 9th, 2020
Horizontal equity is extremely compatible with the benefit principle. a. True b. False ANSWER b
Date: September 9th, 2020
Employing the TIT for TAT strategy in a repeated prisoners’ dilemma game means _____. a. that you will lose b. defecting when the other person cooperates c. attacking when the other person defects d. cooperating as long as the other person cooperates ANSWER d
Date: September 9th, 2020
Over 90 percent of adults in the United States were high school graduates in 2000. a. True b. False Indicate whether the statement is true or false ANSWER FALSE
Date: September 9th, 2020
In practice, it is difficult to integrate the concept of vertical equity into the tax code although it is widely agreed that high-income individuals should pay more. a. True b. False ANSWER a
Date: September 9th, 2020
The key point about a TIT for TAT strategy is _____. a. it is confusing to others b. it leads to sub-optimal outcomes c. that over time it encourage cooperation d. that it leads to a one time victory ANSWER c
Date: September 9th, 2020
Since there are many special interests lobbying in favor of different tax changes but no special interests lobbying in favor of the public interest, this suggests that tax code changes will _____. a. lead towards more regressive taxation b. will favor special interests c. not be in the direction of efficiency d. b and c […]
Date: September 9th, 2020
There are no indisputable principles of tax equity. a. True b. False ANSWER a
Date: September 9th, 2020
