If a player in a game has a dominant strategy, her choice will depend upon the strategy that another player has chosen.
Answer the following statement true (T) or false (F)
False
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Which of the following are typically financed in a "bond market"?
i. a mortgage for a house ii. state government borrowing for a new road project iii. your purchase of 4000 shares of stock in Google A) ii and iii B) ii only C) i only D) i and iii E) i and ii
The two largest economies in the world in 2012 were:
A. China and the U.S. B. Japan and the U.S. C. England and the U.S. D. China and Germany.
In a two-person, two-good economy, the gains to specialization will be larger when:
A. there are large differences between the individuals in their opportunity costs of producing the two goods. B. there are small differences between the individuals in their opportunity costs of producing the two goods. C. neither person has an absolute advantage. D. one person has an absolute advantage in both goods.
An oligopoly with a dominant price leader will produce a level of output between that which would prevail under competition and that which a monopolist would choose in the same industry.
Answer the following statement true (T) or false (F)