A key to gaining cooperative behavior in a repeated game is:
A. there must be a definitive end to the game.
B. that the game must be repeated indefinitely.
C. the players must commit to always acting in their own self-interest.
D. at least one player must have a dominant strategy.
Answer: B
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In January 2001, the euro/dollar exchange rate was 1.10, and in January 2002, the euro/dollar exchange rate was 1.120 What happened to the exchange rate during this period?
A) Euro appreciated against the dollar. B) Euro depreciated against the dollar. C) Dollar appreciated against the euro. D) Both B and C.
A commercial bank’s ability to create money depends on which of the following?
A. The existence of a central bank B. A fractional reserve banking system C. Gold or silver reserves backing up the currency D. A large national debt E. The existence of both checking accounts and savings accounts
What are the different types of trade barriers? What are the arguments for trade barriers? What are the consequences of trade barriers?
What will be an ideal response?
Explain how businesses decide how much labor to hire in order to produce a certain level of output
What will be an ideal response?