Refer to the figure below. What is the Nash equilibrium of this game?
A. A chooses Down, B chooses Right
B. A chooses Up, B chooses Right
C. A chooses Down, B chooses Left
D. A chooses Up, B chooses Left
Answer: D
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Government intervention in agricultural markets in the U.S. began
A) during the Korean War. B) during World War II to ensure that enough food was available for domestic consumption. C) after World War I in order to assist farmers to adjust from a war-time economy to a peace-time economy. D) during the Great Depression.
The actions of speculators in a market tend to shift the ____ when the price of the good is low and thereby ____ the price
a. demand curve out; raise b. demand curve in; lower c. supply curve out; lower d. supply curve in; raise
Which of the following indices tracks the largest 500 publicly traded companies?
a. Vix 500 b. Russell Index c. New York Index d. Standard & Poor's 500 Composite Index e. International 500 Index
New growth theory argues that
A. growth relies on maintaining lower growth rates of population, especially in less developed countries. B. technology cannot be looked at as an outside factor without an explanation of what drives it. C. growth is due to the proper government policies concerning interest rates. D. technology is the key factor that explains growth but technology is beyond economic explanation itself.