In the strategic view of bargaining:
a. You want to improve your opponent's outside options
b. You want to decrease your outside options
c. Bargaining is of a prisoner's dilemma game
d. Bargaining is of a game of 'chicken'
d
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If Nations Quirk and Turk only produce aluminum or oil, the table below shows the maximum output of each nation. Output (units)NationsAluminumOilQuirk2040Turk3090Which one of the following terms of trade is most likely to produce mutually beneficial exchange between the two nations?
A. 1 unit of oil for 0.4 unit of aluminum B. 0.5 unit of oil for 2 units of aluminum C. 0.5 unit of oil for 1 unit of aluminum D. 1 unit of oil for 4 units of aluminum
An engineer with a major power company decides to leave his job because he believes he has found a way to deliver Internet service across the electrical grid and he wants to start up his own business. He doesn't have very much cash or collateral
Which method of financing do you believe he will most likely use and why?
Under monopsony, marginal factor cost
A) is downward sloping. B) is less than the wage rate, although it increases as more workers are hired. C) equals the wage rate. D) is greater than the going wage rate.
Although the possibility exists for an economy to experience stagflation, it has never actually happened in the United States
Indicate whether the statement is true or false