In the simultaneous move labor negotiation game:
a. The payoffs from bargaining hard are only higher if your opponent accommodates
b. The payoffs from bargaining hard are only higher if your opponent bargains hard
c. The payoffs are always higher if you bargain hard
d. The payoffs are always higher if your opponent bargains hard
a
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Gerald is deciding what kind of light bulbs to install in the light fixtures in his new home. He has it narrowed down to compact fluorescent bulbs (CFLs) or LED bulbs. The CFLs will cost $350 and the LEDs will cost $900
Gerald estimates that the energy-saving benefits from the CFLs will be $750 and the energy-saving benefits from the LEDs will be $1,250. Based on these numbers, Gerald should purchase the A) CFLs because the cost is cheaper. B) CFLs because the the net benefit is greater. C) LEDs because the benefit is greater. D) LEDs because the net benefit is greater.
Large commercial banks are considered to be market makers because:
A) without them, there would be no foreign exchange market B) they can easily manipulate the value of currencies in the foreign exchange market C) they are willing to buy and sell major currencies at any time D) they created the foreign exchange market
The increased use of PayPal will decrease the velocity of money
a. True b. False Indicate whether the statement is true or false
The Hernandez family is buying a house. They have submitted several offers, and one was finally accepted. The time they spent submitting offers is considered part of the
a. negative spillover b. profit margin c. market price d. transaction cost