When neither player has a dominant strategy
A) game theory will not provide information.
B) no Nash equilibrium exists.
C) at least one Nash equilibrium exists.
D) the game cannot be analyzed.
C
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In the United States, out-of-pocket spending on health care per person
A) has remained fairly steady since 1965. B) has been rising since 1965. C) fell from 1965 through 1995, then began to rise from 1995 to the present. D) has been falling since 1965.
In the long run, an increase in the price level: a. increases output prices relative to input prices. b. increases the profit margins of many producers. c. increases RGDP supplied
d. Does none of the above.
Which of the following statements best describes the expected pattern of trade imbalances?
a. The expected pattern of trade imbalances in the world economy has been that low-income economies will run trade surpluses, while middle and high-income economies will run trade deficits. b. The expected pattern of trade imbalances in the world economy has been that low and middle-income economies will run trade surpluses, while high-income economies will run trade deficits. c. The expected pattern of trade imbalances in the world economy has been that high-income economies will run trade surpluses, while low- and middle-income economies will run trade deficits. d. The expected pattern of trade imbalances in the world economy has been that low and high-income economies will run trade surpluses, while middle-income economies will run trade deficits.
The primary value of real GDP is its ability to measure year-to-year changes in
What will be an ideal response?