The tit-for-tat strategy is:
A. one in which both players explicitly agree to compete in the first round of a repeated game, and if one of them cooperates, the other will defect.
B. not effective in prisoner's dilemma type games.
C. one in which a player in a repeated game takes the same action that his or her opponent did in the preceding round.
D. All of these statements are true.
Answer: C
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The international organization that replaced the General Agreement on Tariffs and Trade (GATT) is the
a. World Bank. b. Export-Import Bank. c. World Trade Organization. d. International Monetary Fund.
Borrowing VCU3 from an online company cause the nation's:
a. Monetary base to rise. b. M2 money supply to rise. c. M2 money multiplier to rise. d. Monetary base to remain the same.
In a given year the nominal growth rate is 7% with inflation and population growth rates of 2% and 1.2% respectively, then real growth rate of GDP per capita is:
A. 3.8%. B. 5.0 %. C. 7.0 %. D. 5.8%.
In the above figure, the relationship between the tax rate and tax revenue is positive and becoming less steep between tax rates of
A) 0 percent and 30 percent. B) 30 percent and 100 percent. C) 0 percent and 100 percent. D) None of the above answers are correct.