________ is a repeated game strategy in which a player responds in kind to an opponent's play.
A. Tit-for-tat
B. Maximin
C. Prisoners' dilemma
D. Price leadership
Answer: A
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According to the Bureau of Labor Statistics, to be officially unemployed a person must
A. be in the labor force. B. be waiting to be called back from a layoff. C. have lost a job. D. be 21 years of age or older.
In the figure above, if price DECREASES from $60 to $40, an arrow representing the QUANTITY effect
A. will be shorter than (and in opposite direction of) the arrow representing the price effect. B. will point in the direction in which total revenue will move. C. will point downward. D. will be shorter than (and in same direction of) the arrow representing the price effect. E. both a and d
Miniville is an isolated town located on the southern shore of Lake Condescending, a very large lake. The western edge of Miniville is adjacent to impassable mountains and there are no towns or businesses for many miles to the east. The 300 residents of Miniville are evenly distributed along 3 miles of shoreline on the lake, east of the mountains. Lake Shore Drive, the only street in town, provides access to Miniville's homes and businesses. All residents live between the lake and the street; businesses locate on the other side of the street. Lake Shore Drive is 3 miles long, and the points labeled A, B, and C are 1, 2, and 3 miles from the western end of Lake Shore Drive, respectively. All residents of Miniville shop at the store located closest to their homes. src="https://sciemce.com/media/4/ppg__1420829190927__f1q532g1.jpg" alt="" style="vertical-align: 0.0px;" height="96" width="382" />Because all residents of Miniville shop at the store located closest to their homes, the optimal location for the first store to open in Miniville is:
A. at the western end of Lake Shore Drive.
B. Point A.
C. Point C.
D. there is no single optimal location for the first store.
Macroeconomics works to explain things like:
A. economic growth of Germany. B. Microsoft’s profit in 2015. C. rates of return on an investment. D. number of employees in Ford company.