A player has a dominant strategy when:
A) her chosen strategy gives her a lower payoff than the other player.
B) her chosen strategy matches the best response of other players in the game.
C) she has many best responses to any strategy of the other player in the game.
D) she has only one best response to every possible strategy of the other player.
D
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What is the main argument which explains why the data do not show a positive relation between the deficit producing tax cuts in the early eighties savings rates?
A) People will increase savings to "finance" debt repayment by future generations. B) People will increase consumption to "finance" debt repayment by future generations. C) Savings is determined by uncertain events, the timing of future illnesses and death. D) Savings is determined by certain events, the timing of future illnesses.
What is break-even investment, and what happens to the break-even level of investment when the growth rate of the labor force either increases or decreases?
What will be an ideal response?
The primary source of funds for commercial banks is ________
A) securities B) Federal Reserve Banks C) loans D) deposits
Marginal revenue product is measured in dollars per unit of output
a. True b. False