Table 17-21
The Chicken Game is named for a contest in which drivers test their courage by driving straight at each other. John and Paul have a common interest to avoid crashing into each other, but they also have a personal, competing interest to not turn first to demonstrate their courage to those observing the contest. The payoff table for this situation is provided below. The payoffs are shown as (John, Paul) . 
-Refer to Table 17-21. If Paul chooses Drive Straight, what will John choose to do and what will John's payoff equal?
Definitions:
Loanable Funds
The money available for borrowing in the financial markets, determined by savings and demands for investment.
Public Saving
The tax revenue that the government has left after paying for its spending.
Personal Saving
The portion of an individual's income that is not spent on consumption or taxes and is set aside for future use or investment.
Loanable Funds Curve
A graphical representation of the market for loanable funds, showing the relationship between the interest rate and the quantity of loanable funds supplied and demanded.
Q48: Monopolistic competition is considered inefficient because<br>A) price
Q53: Refer to Figure 18-1.The figure illustrates the<br>A)
Q93: Which government entity is charged with investigating
Q140: Refer to Table 17-25.The dominant strategy<br>A) for
Q168: If duopolists individually pursue their own self-interest
Q184: The essence of an oligopolistic market is
Q237: Oligopoly and monopolistic competition are examples of
Q250: Refer to Table 17-21.What is Paul's dominant
Q301: Refer to Table 17-10.If the market for
Q313: Refer to Figure 18-4.The graph above illustrates