When playing a game in which players are in direct competition with one another, it is best to ________ a mixed strategy because the strategy is ________
A) use; predictable
B) use; unpredictable
C) avoid; predictable
D) avoid; unpredictable
B
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Suppose the federal government implemented a flat tax to replace the income tax, and the flat tax saved taxpayers a total of $5 billion. A tax change such as this could be viewed as an example of the federal government implementing
A) contractionary monetary policy. B) contractionary fiscal policy. C) expansionary monetary policy. D) expansionary fiscal policy.
Fully anticipated inflation occurs when
A) the actual inflation rate equals the anticipated inflation rate. B) the actual inflation rate is less than the anticipated inflation rate. C) the inflation rate is zero. D) the anticipated inflation rate and the unanticipated inflation rate are equal.
A margin call is when:
A. it looks like you are in danger of running through your money, and your broker forces you to sell your stock and use the money to pay back your loan. B. the market reaches a tipping point, and the financial bubble bursts. C. prices on future values of a stock are forecasted to be lower than current prices. D. prices on future values of a stock are forecasted to be higher than current prices.
An economy in which output has decreased and prices have increased would suggest that there has been a:
A. negative demand side shock. B. negative supply side shock. C. positive demand side shock. D. positive supply side shock.