Refer to Figure a. Charlie and Joe both want to ride shotgun with their mother, so they play a game of rock-paper-scissors to determine who gets to sit in the front seat. In the table, -1 represents a loss, 1 a win and 0 a tie, and Joe's payoff is shown in the upper left-hand corner of each cell, while Charlie's appears in the lower right-hand corner. If Joe knows Charlie thinks he always throws scissors, what is Joe's best response?
A. Rock
B. Paper
C. Scissors
D. The answer cannot be determined from the information given.
B. Paper
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Explain which of the following count as money
a. a check in Ann's checkbook b. currency in Ann's bank c. currency in Ann's purse d. Ann's checking deposit
Grants as a percent of total federal outlays have been increasing since the 1960s.
A. True B. False C. Uncertain
Dennis notices that jackets are on sale for $99. In this case money is functioning as a
A) medium of exchange. B) unit of account. C) store of value. D) payments-system ruler.
Which of the events listed above could cause a movement from Y to W?
Consider the following events
a. an increase in the unemployment rate
b. a decrease in a nation's money supply
c. a war that kills a significant portion of a nation's population
A. a and c only
B. a and b only
C. c only
D. a only
E, a, b and c