A player chooses a maximin strategy to ________ gain the player can earn.
A. maximize the maximum
B. minimize the maximum
C. maximize the minimum
D. minimize the minimum
Answer: C
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In 2010, the Center for Disease Control has recommended that every child between the ages of 6 months and 18 years be vaccinated,
except those with a serious egg allergy. Dr. Berreman states,"By protecting ourselves from flu, we also protect our families and neighbors." Which is a solution that could be used to achieve a more efficient allocation of resources in the presence of this externality? A) The government could tax the producers of the flu vaccine. B) The government could tax the consumers of the flu vaccine. C) The government could offer a free flu vaccine clinic. D) The government could increase the price of flu vaccines.
Most development economists agree that the most basic and important task of any government is to:
A. create a stable political system. B. provide national health care system. C. maintain a stable currency. D. ensure basic education for all citizens.
The consumer price index measures the cost of:
A. a fixed basket of goods and services. B. all goods and services purchased by consumers. C. goods and services required to live above the poverty level. D. a changing basket of goods and services.
Studies show that __________ households tend to save more of their income than others, and also show that ____________ households save more out of tax cuts than others do.
A. richer; poorer B. richer; richer C. poorer; richer D. poorer; poorer