Refer to Scenario 13.16. If Gooi moves first, the payoff in equilibrium will be
A) $150, $0.
B) $150, $300.
C) $400, $150.
D) $50, $50.
E) $650, $450.
C
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Which of the following factors has led to poor plan performance?
(a) unanticipated changes, such as in terms of trade. (b) corruption of government officials. (c) foreign firms are less subject to the constraints of the plan than domestic ones. (d) all of the above. (e) none of the above.
There is a tremendous range in productive performance around the world
a. True b. False
If Japan could produce more steel in a year than the United States using the same amount of resources, then
a. Japan must have an absolute advantage in producing steel b. the United States must have a comparative advantage in producing steel c. Japan must have a comparative advantage in producing steel d. neither the United States nor Japan will have a comparative advantage in producing steel e. there would be no gains from specialization
The monetary policy framework is:
A. the law that created the Federal Reserve System. B. the idea that central banks should be interconnected across countries. C. a growing belief that there should be one central bank headquartered at the World Bank. D. a way to prioritize and implement the central bank's objectives when they are in conflict.