According to game theory, a cartel of several firms is an example of a(n)
A. zero-sum game.
B. positive-sum game.
C. noncooperative game.
D. cooperative game.
Answer: D
Economics
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If the Mexican peso (MXN) to Brazilian real (BRL) exchange rate goes from 5.9 MXN/BRL to 7.2 MXN/BRL
A) Brazilians decrease their demand for Mexican goods. B) Brazilians increase their demand for Mexican goods. C) Mexicans increase their demand for Brazilian goods. D) Not enough information to determine what happens.
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The wage premium in the United States has risen consistently starting in
A. 1973 B. 1975 C. 1978 D. 1983
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