Figure 12.8 depicts an advertising game between two stores. "No advertising" is:
A. a dominant strategy for Store A but not for Store B.
B. a dominant strategy for Store B but not for Store A.
C. a dominant strategy for both stores.
D. a dominant strategy for neither store.
Answer: D
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A. increase in potential output. B. recessionary output gap. C. decrease in potential output. D. expansionary output gap.
The table above gives data for the nation of Mosh. The MPC of the economy is
A) .75. B) 1. C) .90. D) .80. E) indeterminate with the information provided.
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A) Sarbanes-Oxley Act of 2002 B) Global Legal Settlement of 2002 C) Gramm-Leach-Bliley Act of 1999 D) Riegle-Neal Act of 1994
Assuming the interest rate is 5 percent, which of the following has the greatest present value?
a. $240 paid in three years b. $225 paid in two years c. $210 paid in one year d. $200 today