A gaming strategy in which one player states that he/she would break the agreement for eternity if his/her co-player breaks the agreement once is called:
a. a grim trigger.
b. a credible threat.
c. a chain-store paradox.
d. a dominance pull.
A
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Explain the forces that caused the savings and loan debacle in the latter half of the 1980s
What will be an ideal response?
Suppose the exchange rate between the U.S. dollar and the French franc is 0.25 francs per dollar. If a television sells for 100 francs in France, what is the dollar price of the television set?
A) $400 B) $25 C) $50 D) $200
The time and money spent in carrying out financial transactions are called
A) economies of scale. B) financial intermediation. C) liquidity services. D) transaction costs.
If you knew that an investment was going to pay you $46,370 in 5 years, and you knew that the annual interest rate over that time would be 3 percent, you could calculate the present value to be:
A. $41,600. B. $39,999. C. $37,000. D. $41,998.