The tit-for-tat strategy:

A. makes cooperation unlikely.
B. is not possible in single-round games.
C. is not effective in repeated games.
D. All of these statements are true.


Answer: B

Economics

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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 

A. D; C B. B; C C. B; A D. D; B

Economics

The formula for the growth rate of multifactor productivity is

A) a = y + bk + (1 - b)n. B) y = a + bk + bn. C) a = y - bk - (1 - b)n. D) y = a - b/k(1 - b)n.

Economics

Which of the following statistics can turn negative?

A. inflation rate B. CPI C. unemployment rate D. GDP

Economics

Preempting demand, gaining volume cost advantages, building the brand, and establishing a long-term competitive advantage are associated with

What will be an ideal response?

Economics