68. Suppose that the Government of Canada mandates vaccines for all workers, and that 5% of workers...
Question:
68. Suppose that the Government of Canada mandates vaccines for all workers, and that 5% of workers resist this and exit the labour force. What effect does this have on the economy in the short-run?
(A) Prices fall and output falls. (B) Prices rise and output declines.
(C) Prices fall and output declines.
(D) Prices rise and output rises.
69. As discussed in the lectures, suppose that a policewoman wishes to smooth her income over the business cycle. Whom should she marry?
(A) Whomever she wants. Love is love!
(B) Another police officer. (C) A criminal. (D) Nobody. Simping is cringe.
70. Consider the following situation: ten players, each of whom is holding a $10 bill, are playing a simultaneous game in a room. In the middle of this room is a magic box. The players cannot communicate with each other, or see what the other players are doing. Each player has two actions: either put the $10 in the magic box, or keep the $10 bill. The magic box doubles the money inside it, and then distributes the resulting cash equally to each player.5 What is this game's Nash equilibrium?
(A) Everyone puts money into the box.
(B) Nobody puts money into the box.
(C) Five people put money into the box.
(D) There is no Nash equilibrium.