The Kyoto Protocol was signed by participating nations in
A) 2001.
B) 1972.
C) 1997.
D) 2012.
Answer: C
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All of the following are characteristics of the pure coordination game except
A) Nash equilibria exist at every outcome where players successfully coordinate. B) each player has a dominant strategy. C) the payoff for coordinating is higher than the payoff for not coordinating. D) the two general outcomes are that the players either coordinate with each other or they do not.
Malaysia differed from other East Asian countries after the crisis in its adoption of
a. government-owned banks b. investment insurance c. prison sentences for currency traders d. restrictions on capital movements e. all of the above
The measure of GDP which effectively updates the prices for the base year each year and reduces the errors from changes in relative prices and the introduction of new goods and services is called the
A) nominal GDP. B) real GDP. C) deflated GDP. D) chain-weighted GDP.
If the marginal profit of the next unit is negative, the firm should produce more output in order to generate greater profit
a. True b. False Indicate whether the statement is true or false