Which of the following is a game of perfect information?
A. Chess
B. Poker
C. Rock-Paper-Scissors
D. Both chess and poker are games of perfect information.
A. Chess
You might also like to view...
A person is ________ to the degree that he or she is willing to invest time, energy, and his or her sense of self in attaining conventional goals
Fill in the blank(s) with the appropriate word(s).
Which of the following is an application of the moral-hazard problem?
a. a person buying insurance after a cancer diagnosis. b. an salesperson who is not paid on commission being rude to customers. c. coffee hounds buying the menu item meant for lower-demand consumers. d. only inexperienced workers applying for a managerial job advertised with a relatively low salary.
Figure 16-3
If budget deficits shift the money demand curve as is illustrated in Figure 16-3, which component of total expenditures will be affected the most?
a.
consumption spending
b.
government spending
c.
private investment spending
d.
net exports
In a purely competitive industry, each firm:
A. produces a differentiated product. B. can easily enter or exit the industry. C. engages in forms of nonprice competition. D. is a price maker.