Behavior designed to take account of the reactions of one’s rivals to one’s own behavior.
Ans: Strategic behavior
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If the fundamental value of the nominal exchange rate equals 0.20 U.S. dollars per franc, but the franc is officially fixed at 0.15 U.S. dollars per franc, then the franc exchange rate is ________ and to maintain this exchange rate there will be ________ in the government's stock of international reserves.
A. undervalued; a net increase B. undervalued; a net decline C. overvalued; a net increase D. overvalued; a net decline
In each nation, in the following table, specializes in producing the good for which it has a comparative advantage, then
| COUNTRY | POTATOES | WHEAT |
| United States | 4 | 2 |
| Ireland | 3 | 1 |
If a company pays a dividend of $5 to be received one year from now, dividends are expected to grow at a rate of 8 percent per year for the indefinite future, and the interest rate is 14 percent,
the price of the company's stock should be ________ per share. A) $8.00 B) $83.33 C) $227.27 D) $610.00
What is a budget constraint?
What will be an ideal response?