Refer to the scenario above. In this game, the ________ strategy combination gives strictly lower payoffs than the ________ strategy combination
A) (confess, confess); (do not confess, do not confess)
B) (confess, do not confess); (do not confess, confess)
C) (do not confess, do not confess); (confess, confess)
D) (do not confess, confess); (confess, do not confess)
A
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Technology transfer comes only from nations importing new capital goods in the current account
Indicate whether the statement is true or false
Which of the following is FALSE? All the BRICs
A) rank among the world's top 10 in population. B) have been transformed by reforms. C) have become more isolated and focused on domestic issues. D) are among the world's top 11 economies. E) have yet to fully realize their economic potential.
Okun's law relates ________ to ________
A) inflation; unemployment B) inflation; output C) output; unemployment D) output; employment
If someone asked you to predict the price of gas in a month, and you decided to just guess by adding a few cents to the current price of gas, which you know, your answer would exhibit:
A. rational expectations. B. time inconsistency. C. anchoring. D. transitivity.