A player is playing a mixed strategy when:
A. he chooses a rule to randomize over the choice of a strategy.
B. he chooses a strategy without randomizing.
C. there is no uncertainty in his choice.
D. it is perfectly predictable.
A. he chooses a rule to randomize over the choice of a strategy.
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More than 80 percent of American firms are incorporated.
Answer the following statement true (T) or false (F)
Under the adaptive method of estimating expected sales in the simple acceleration theory, if a firm's actual sales increase,
A) expected sales will increase if j is greater than zero. B) expected sales will remain the same if j equals zero. C) expected sales will equal the previous period's actual sales if j equals one. D) All of the above are correct.
The welfare loss due to a price floor
a. is caused by a decrease in quantity b. is the dollar difference between producer surplus and consumer surplus c. is measured as the area above the market price and below the demand curve d. is measured as the area above both the market price and the supply curve e. is a Pareto improvement
People from other countries who wanted to invest in U.S. mortgage-backed securities ______.
a. saw them as a stable investment b. viewed them as a high-risk with high-rewards c. were blocked by federal regulations d. were required to also directly own real estate in the United States.