Hello,

Can someone please help me with these multiple choice economics questions?

Question 15 Consider an ultimatum game where the Proposer offers a proportion of $100 to the Responder, who can either accept or reject the offer. If the Responder accepts, both the Proposer and the Responder keep the agreed share, while if the Responder rejects, then both Not yet saved receive nothing. The figure below shows the results of a study that compares the responses of US university students and Kenyan farmers. Marked out of 100 1.00 Farmers (Kenya) P Flag Students, Emory University (US) question 75 50 Fraction of Responders who would accept the offer (%) 25 0 10 20 30 40 50 Fraction of the pie offered by the Proposer to the Responder (%) Based on the information from the figure, we can infer that: Select one: O a. Kenyan farmers place higher importance on fairness than US students. O b. Both groups of Responders are indifferent between accepting and rejecting an offer of receiving nothing. . C. Kenyan farmers do not care about money at all. d. Just over 50% of Kenyan farmers rejected the offer of the Proposer keeping 30%.Question 16 Which of the following statements are correct? Not yet saved A. A complete contract can be written with the inclusion of piece rate pay. Marked out of 1.00 B. Firms pay workers more than their reservation options so that workers do not want to leave. Flag C. Workers would exert effort into work if their employment rent is negative. question D. Employment rent benefits workers but harms the firms as it implies higher production costs. Select one: O a. A, D Ob. A, B, D O c. A, B O d. A, C O e. B, C