A dynamic game is a game
A) in which the players are highly animated.
B) that is sequential or repeated.
C) where the payoffs change frequently.
D) that has actions instead of strategies.
B
You might also like to view...
Fractional Reserve Banking
In economics, a negotiator who hopes to get an unusually large amount of money for land by refusing to come to terms is called a(n)
A) entrepreneur. B) lobbyist. C) holdout. D) socialist.
If the central bank buys foreign assets,
A) the domestic monetary base will decline. B) domestic short-term interest rates will decline. C) the foreign-exchange value of the domestic currency will rise. D) its holdings of international reserves will rise.
How would you feel about a policy that would raise someone else's income without lowering yours? Are you any worse off?
What will be an ideal response?