How are games in game theory played? in game theory, a. players employ strategies to attain their objectives sequentially so that they are not affected by the actions of other players. b. players determine their objectives and then payoffs are randomly assigned. c. a natural experiment is used to determine the effect of a factor by treating a portion of participants, with remaining untreated participants becoming the control group. d. agents determine their objectives, and principals are hired by contract to achieve those objectives. e. rules determine what actions are allowable, players employ strategies to attain their objectives, and payoffs are the results of the interaction among the players' strategies.

8. agreement and disagreement among economists suppose that bob, an economist from a university in arizona, and cho, an economist from a public television program, are arguing over saving incentives. the following dialogue shows an excerpt from their debate: cho: i think it's safe to say that, in general, the savings rate of households in today's economy is much lower than it really needs to be to sustain an improvement in living standards. bob: i think a switch from the income tax to a consumption tax would bring growth in living standards. cho: you really think households would change their saving behavior enough in response to this to make a difference? because i don't. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? rent ceilings reduce the quantity and quality of available housing. immigrants receive more in government benefits than they contribute in taxes. having a single income tax rate would improve economic performance.

The strength of the economy depends on the balance pf production and consumption of goods and consumption of goods and services

Why has the free enterprise system been modified to include some government intervention?