In a mixed strategy situation, a player does best by unpredictably mixing his strategies in accordance with probabilities that depend on the strategies of the others
Indicate whether the statement is true or false
T
Economics
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If an import quota is imposed on imports of shrimp into the United States, U.S. consumers ________ and the U.S. economy will ________
A) gain; lose B) gain; be unaffected C) gain; gain D) lose; lose E) lose; gain
Economics
If the Federal Reserve increases the legal reserve requirement, banks are not obliged to comply
Indicate whether the statement is true or false
Economics
Over the past 50 years, the growth of real GDP in the United States has been caused primarily by increase in the _____.
Fill in the blank(s) with the appropriate word(s).
Economics
In the short run a decrease in the costs of production makes
a) output rise and prices fall. b) output and prices fall. c) output and prices rise. d) output fall and prices rise.
Economics