In game theory, actions such as cheating that focus solely on short-run gains are referred to as
A) territorial behavior.
B) tit-for-tat strategic behavior.
C) predatory behavior.
D) opportunistic behavior.
Answer: D
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This year, on advice from your sister, you bought tobacco company stock at $50/share. During the year, you collected an $8 dividend, but due to the company's losses in medical lawsuits its stock fell to $40/share
At this point, you sell, realizing a A) dividend yield of -16% and a capital loss of 20%. B) dividend yield of 16% and a capital loss of 20%. C) dividend loss 10%. D) capital loss of 10%. E) total loss of 20%.
The goods and services that count toward GDP are defined in terms of:
A. the location of production, not the citizenship of the producer. B. the citizenship of the producer, not the location of production. C. citizens producing within a country's borders. D. total production of companies owned by citizens, regardless of the actual location of production.
Which of the following is not one of the ways that banks reduce transaction costs for creditworthy borrowers?
a. coping with asymmetric information b. increasing risk through diversification c. enforcing loan contracts d. These are all ways banks reduce transaction costs
A country has been in existence for only two years. In the first year, receipts were $1.0 million and outlays were $1.5 million. In the second year, receipts were $1.5 million and outlays were $2.0 million. At the end of the second year, the government had issued debt worth _________.
Fill in the blank(s) with the appropriate word(s).