Refer to Figure 3.1. A Nash Equilibrium occurs where
A) Homer confesses to committing the crime and Marge denies committing the crime.
B) Marge confesses to committing the crime and Homer denies committing the crime.
C) Homer and Marge both confess to committing the crime.
D) Homer and Marge both deny committing the crime.
C
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What is the significant feature of a preferential arrangement?
What will be an ideal response?
Payments to stockholders are called ______, and payments to bondholders are called _______
a. interest, dividends b. profits, dividends c. dividends, profits d. dividends, interest e. dividends, mortgages
A sign that Country A is under pressure to appreciate its currency is its:
a. Current account is in surplus. b. Overall balance is in surplus. c. Capital account is in surplus. d. Overall balance is in deficit. e. Reserves account is in surplus (i.e., positive).
The motive that drives firms to enter or exit an industry is
A) opportunity costs. B) diseconomies of scale. C) economic profit. D) accounting costs.