Which of the following is true about games in which people have different information?
A. The behavior of the participants in the game reveals little to no information.
B. Participants in these games can sometimes have an incentive to mislead others through their behavior.
C. Participants in these games always act in a way contrary to his immediate interests.
D. These games never have a Nash equilibrium.
B. Participants in these games can sometimes have an incentive to mislead others through their behavior.
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What will happen to the exchange rate between the British pound and the U.S. dollar if British prices increase?
What will be an ideal response?
If the CPI was 95 at the end of 2007 and 105 at the end of 2008, what was the inflation rate in 2008?
A) 105 percent B) 10.5 percent C) 9.5 percent D) 5 percent E) 10 percent
An economy's marginal social benefit curve for a private good is obtained by summing the individual marginal
a) cost curves horizontally b) benefit curves vertically c) benefit curves diagonally d) benefit curves horizontally
A booming economy can make investors:
A. wary of future downturns, and shift the supply curve for loanable funds to the left. B. eager to borrow money, and shift the demand curve for loanable funds to the right. C. eager to borrow money, and shift the supply curve for loanable funds to the right. D. wary of future downturns, and shift the demand curve for loanable funds to the left.