If each player in a game uses a strategy that results in a Nash equilibrium outcome, the players are most likely to say
A) "I don't like my choice, because I think I could have done better."
B) "Given the strategies chosen by the other players in the game, I probably could have done better if I had more time."
C) "Given the strategies chosen by the other players in the game, I made the best possible choice."
D) "There was no real strategy on my part, I basically made an educated guess."
C
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If the U.S. interest rate differential decreases, then in the foreign exchange market the
A) demand for dollars increases. B) quantity supplied of dollars decreases. C) supply of dollars increases. D) quantity supplied of dollars increases. E) supply of dollars decreases.
Taxable income rises by $1,500 and taxes rise by $435. What is the marginal tax rate?
A) 4 percent B) 29 percent C) 10 percent D) 30 percent E) 25 percent
In international trade, an infant industry is one:
A. that protects firms that produce products for infants. B. with a large number of very small firms. C. in which the firms are experiencing very small profits. D. in the early stages of its development.
Refer to the information provided in Figure 6.5 below to answer the question(s) that follow.
Figure 6.5Refer to Figure 6.5. Molly's budget constraint is CD. Molly's income is $200, the price of a DVD is $7.50 and the price of a CD is $10. At point C, she is buying ________ DVDs and ________ CDs.
A. 0; 20 B. 20; 15 C. 40; 30 D. 20; 0