In the sequential labor negotiation game:
a. The first mover has an advantage
b. The second mover has an advantage
c. There is no advantage to either mover
d. none of the above
a
You might also like to view...
The Federal Reserve conducted the policy of quantitative easing primarily when
A) the interest rate was very sensitive to the change in the money supply. B) the interest rate was close to zero. C) the interest rate was relatively high. D) the interest rate was too erratic to be controlled.
Discuss some of the reasons why economists are concerned about the current recovery from the global financial crisis
What will be an ideal response?
The decrease in the price of gasoline to a national average of less than $3.20 during the summer of 2012 was most likely a result of
A) an increase in demand due to reduced summer driving. B) an increase in supply resulting from higher refinery output. C) an increase in demand due to increase in summer driving along with a decrease in supply resulting from reduced refinery output. D) an increase in supply resulting from higher refinery output along with a decrease in demand in summer driving.
The price of wheat used to make cereal has increased. At the same time, the price of milk (a compliment good) has decreased. Given these two events, what do you expect to happen to the equilibrium price and quantity of cereal?
What will be an ideal response?