In a multiplayer game where there are two equally-enjoyable choices of what to do, and everyone wants to do what everyone else is doing, there will be three Nash equilibria
Indicate whether the statement is true or false
TRUE
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The price elasticity of demand for a good is 0.2 . A 10 percent rise in the price will _______ the total revenue from sales of the good
A. decrease B. increase C. decrease the quantity sold with no change in D. not change
Output Total Cost015125233340448558670Table 8.5Refer to Table 8.5. The marginal cost of the third unit of output is:
A. $0. B. $7. C. $8. D. $40.
In 1990, there were 50 bilateral agreements and regional trade agreements between countries. Today there are
A) more than 230 of these agreements. B) 30 of these agreements. C) none of these agreements remaining. D) more than 10,000 of these agreements.
Which of the following may NOT help avoid a financial crisis?
A) Maintaining credible and sustainable fiscal policies B) Regulation and supervision of the financial system C) Immediately bailing out financial intermediaries and standing ready to bail out others in case a financial crisis occurs D) Maintaining credible and sustainable monetary policies