A game in which each player adopts its dominant strategy
A) will not lead to an equilibrium. B) can never result in a Nash equilibrium.
C) could result in a Nash equilibrium. D) must be a cooperative game.
C
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As the world economy grew during the 1920s, the gold standard proved to be:
A) a real problem because the quantity of gold could not keep pace with economic expansion, resulting in severe deflation. B) a boon to importers and exporters. C) highly inflationary. D) well-suited to new methods of transferring gold stocks between nations.
Which of the following is the dynamic version of the quantity theory of money?
A. Growth in the money supply ? inflation = growth in the velocity of money ? real growth B. Money supply × velocity = price level × real GDP C. Money supply + velocity = inflation + real growth D. Growth in the money supply + growth in the velocity of money = inflation + real growth
If Cassie's Coffee House purchases 33 cents worth of ingredients and spends 36 cents on wages per cup of coffee to produce an 89 cent cup of coffee, then Cassie's Coffee House's contribution to GDP is ________ per cup of coffee.
A. 20 cents B. 33 cents C. 36 cents D. 56 cents
The issuing of tradeable pollution permits is a government-involved approach to dealing with pollution.
Answer the following statement true (T) or false (F)