In game theory, behavior that results in cooperation as long as the other players continue to cooperate, is referred to as
A) nice behavior.
B) tit-for-tat strategic behavior.
C) simple behavior.
D) opportunistic behavior.
Answer: B
You might also like to view...
According to Romer and other new growth theorists, what could poor countries do to stimulate greater economic growth?
What will be an ideal response?
Which of the following statements about potential GDP is false?
A) The Fed's goal is to have equilibrium GDP close to potential GDP. B) When GDP is at potential, cyclical unemployment is zero. C) It occurs when firms are producing at their maximum level of output. D) It occurs when firms are producing with a workforce of normal size working normal hours.
Between 1922 and 1929 stock prices increased by more than
a. 100%. b. 200%. c. 300%. d. 1000%.
The national debt is ________ of federal budget deficits
a. an annual flow b. the net accumulation c. the inverse d. operating budget minus the capital budget portion