Dominant strategy Nash equilibria are efficient.
Answer the following statement true (T) or false (F)
False
Rationale: The Prisoners' Dilemma is a counter example.
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Human capital is
a. an important determinant of wages, but it does not affect the production of goods and services. b. an important determinant of wages, and it affects the production of goods and services. c. a specific type of physical capital made by humans rather than machines. d. very different from physical capital in that physical capital represents an investment, while human capital does not represent an investment.
The currency deposit ratio, c, is 0.10. The reserve requirement, rr, is 0.07. The excess reserve ratio, e, is 0.10. What is the size of the money multiplier?
A) 4.70 B) 4.07 C) 4.75 D) 4.00
Explain whether and why you would expect each of the following groups (a. through g.) to gain or lose from trade with standard or perfect competition, monopolistic competition, and external scale economies.a. A country that exports the productb. Producers in a country that exports the productc. Consumers in a country that exports the productd. A country that imports the producte. Import-competing producersf. Consumers in a country that imports the productg. The world as a whole
What will be an ideal response?
The first-order condition for maximizing net benefits is:
A. dN/dQ = 0. B. d2N/dQ2 = 0. C. dB/dQ = 0. D. dC/dQ = 0.