If you take a maximin strategy
A) you are irrational according to economic definition.
B) you are ensuring that the other player gets the worst possible outcome.
C) you are getting the best possible outcome given that the other player does the thing that's worst for you.
D) then both players are doing the best they can given the payoffs in the game.
C
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Shoe-leather costs of inflation arise from the
A) increasing costs of apparel (clothes and shoes) as inflation rises. B) decline in the use of money as a unit of account. C) increase of velocity as inflation rises. D) confusion that results from higher inflation. E) increasing costs of agricultural products as inflation rises.
Economists have found that union workers earn what percent more than similar nonunion workers?
a. 0 to 5 b. 5 to 10 c. 10 to 20 d. 20 to 30
Were it not for our trade surplus of ___________ the U.S. balance of trade would be even larger.
Fill in the blank(s) with the appropriate word(s).
In a court decision in June 2001, the Federal District Count of Appeals in Washington, D.C. found that Microsoft had violated the
A) Clayton Act. B) Robinson-Patman Act. C) Sherman Act. D) Celler-Kefauver Act.