24. France has a higher natural rate of unemployment than the United States. This suggests that (A) France is at a higher point on its long-run Phillips curve and so has higher inflation than the United States. (B) France is at a lower point on its long-run Phillips curve and so has lower inflation than the United States. (C) France's Phillips curve is to the left of that of the United States, possibly because they have higher inflation. (D) France's Phillips curve is to the right of that of the United States, possibly because they have more generous unemployment compensation.

7. Uber Eats and Food Panda must decide whether or not to start a promotional campaign in the Sanxia area. The potential economic profit by each food delivery services, depicted in the payoff matrix above, depends on whether the other service also start a campaign. Which of the following statements is true? (A) If Food Panda starts a campaign and Uber Eats does not, Food Panda will earn a $20 million economic profit. (B) If Uber Eats starts a campaign and Food Panda does not, Uber Eats will earn a $20 million economic profit. (C) The Nash Equilibrium of the game is when both Food Panda and Uber Eats do not a campaign. (D) Food Panda and Uber Eats can work out a joint strategy that can generate an outcome better than the Nash Equilibrium. Price (dollars per kilogram) Quantity (kilograms of salmons)

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