In real life,people's behavior is constrained by:
A) laws of nature.
B) legislated rules of society.
C) costs of various actions.
D) All of these are rules that constrain people's behavior.
Correct Answer:
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Q15: To economists,a game is:
A) any situation in
Q16: In games,strategies are:
A) the outcomes players want
Q17: When the trade-offs you face are determined
Q18: Behaving strategically means:
A) evaluating decisions in which
Q18: All games involve which of the following?
A)Strategies
B)Someone
Q20: All games involve which of the following?
A)Rules
B)Chance
Q21: In the prisoner's dilemma game:
A) a cooperative
Q22: The prisoner's dilemma can be summarized in:
A)
Q23: The prisoner's dilemma:
A) can be summarized in
Q24: A dominant strategy is one:
A) that is
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