Which statement is true? in economics, land refers to all the natural resources found on land alone. in economics, capital includes only tangible objects used for production. a point on the ppc indicates maximum utilization of available resources. a point under the ppc indicates overutilization of available resources.

Evaluate a real situation between two economic actors; it could be any scenario: two competing businesses, two countries in negotiations, two kids trading baseball cards, you and another person involved in an exchange or anything else. use game theory to analyze the situation and the outcome (or potential outcome). be sure to explain the incentives, benefits and risks each face.