A dominant strategy ________
A) always results in equal payoffs to all the players in a game
B) always results in zero payoff to the opponent
C) results in a higher payoff irrespective of the strategy chosen by the other player
D) always results in a lower payoff irrespective of the strategy chosen by the other player
C
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Profit-sharing plans, where employees receive bonuses in proportion to the company's profits,
a. reduce the principal-agent problem. b. are intended to reduce the number of employees who are residual claimants. c. eliminate shirking problems. d. are essentially gifts to employees and do not generate any benefit for the firm's owners.
A divisive society is one in which members of society work together for the common good
Indicate whether the statement is true or false
Economists feel that taxing nominal capital gains imposes costs on the economy due to
A. increased consumption. B. reduced consumption. C. increased investment. D. reduced investment.
Given the following sectoral trade data, in which case is the level of intra-industry trade in country A different from that in country B?
a) In A, X = 10, M = 5; in B, X = 20, M = 10 b) In A, X = 7, M = 3; in B, X = 3, M = 7 c) In A, X = 3, M = 2; in B, X = 6, M = 9 d) In A, X = 6, M = 8; in B, X = 4, M = 3 e) In A, X = 12, M = 9; in B, X = 12, M = 15