A mixed strategy is most useful:
A. in simultaneous games.
B. only when the outcome is random.
C. in both sequential and simultaneous games.
D. in sequential games.
Answer: A
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The main input into the production of Starbuck’s coffee is imported coffee beans. If the dollar depreciates, how will this affect the U.S. retail coffee market?
A. Input prices will fall and supply will decrease. B. Input prices will fall and supply will increase. C. Input prices will rise and supply will decrease. D. Input prices will rise and supply will increase.
How did the Troubled Asset Relief Program (TARP) help the banks in the U.S. during the financial crisis of 2007-2009?
What will be an ideal response?
Alternate Outputs from One Day's Labor Input: United States: 12 bushels of wheat or 3 yards of textiles. Great Britain: 3 bushels of wheat or 12 yards of textiles. The opportunity cost of one bushel of wheat in Great Britain is a. 1 yard of textiles
b. 3 yards of textiles. c. 12 yards of textiles. d. 4 yards of textiles.
If decreased government borrowing drives down real interest rates in the United States,
a. private investment will tend to decline. b. the dollar will depreciate leading to an increase in net exports. c. an inflow of capital will cause the dollar to depreciate. d. All of the above are true.