The dominant strategy for player 1 in the following game is:Player 1Player 2??t1t2t3?S14,103,01,3?S20,02,1010,3
A. S1.
B. S1 and S2.
C. S2.
D. None of the answers is correct.
Answer: D
You might also like to view...
External debt rises from 5 percent of GDP to over 30 percent of GDP. This increase in external debt is:
A. a potential problem because government debt is no different from the debt of individuals. B. not a potential problem because government debt differs from the debt of individuals. C. a potential problem because repayment implies a net reduction in the income of an average citizen. D. not a potential problem because repayment does not imply a net reduction in the income of an average citizen.
In the Keynesian model in the long run, an increase in the money supply will cause
A. a decrease in the real interest rate but no change in output. B. an increase in the real interest rate and an increase in output. C. an increase in output and a decrease in the real interest rate. D. no change in either the real interest rate or output.
A Keynesian economist believes that
A) if the economy was left alone, it would rarely operate at full employment. B) the economy is self-regulating and always at full employment. C) the economy is self-regulating and will normally, though not always, operate at full employment if monetary policy is not erratic. D) the economy is self-regulating and will normally, though not always, operate at full employment if fiscal policy is not erratic.
In a situation where an artist is selling his own work to the galleries, the principle is
a. The artist b. The gallery c. Both of the above d. None of the above