Sarah's Soothing Diapers, Inc and Orville's Odorless Diapers, Inc are duopolists, who have agreed to collude. Orville has decided that he will comply with the collusive agreement as long as Sarah cooperated in the previous period
But if Sarah cheated in the previous period, Orville will punish Sarah by cheating in the current period. Orville's strategy is referred to as a A) Nash strategy.
B) tit-for-tat strategy.
C) trigger strategy.
D) monkey-see, monkey-do strategy.
B
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________ policy focuses on the nation's money supply, while ________ policy focuses on the government's budget.
A. Monetary; structural B. Monetary, fiscal C. Fiscal, monetary D. Fiscal, structural
How is human capital most commonly measured?
a. By the organizational rank and seniority b. By the amount of pay and incentives c. By the amount of education and training d. By the compensation structure and work policies
The key agency in the preparation of the president's budget is
A. the Treasury. B. the Office of Management and Budget (OMB). C. the Comptroller of the Currency. D. the Department of the Defense.
The Smithsonian Agreement of 1971 was hailed by President Nixon as a fundamental reorganization of the international monetary system. In fact, what it accomplished was
A) the revaluation of the dollar. B) the devaluation of the dollar. C) an increase of the gold content of the dollar. D) the elimination of gold backing for the dollar.