A strategy which is universally best, regardless of the strategy chosen by others, is called a
A) Nash strategy.
B) dominant strategy.
C) mutually interdependent strategy.
D) zero-sum strategy.
B
You might also like to view...
Changes in interest rates cause the same rotations of intertemporal budget lines regardless of whether you are a borrower or a saver.
Answer the following statement true (T) or false (F)
The interest rate that equates the present value of payments received from a debt instrument with its value today is the
A) simple interest rate. B) current yield. C) yield to maturity. D) real interest rate.
______: 2 firms doing 2 activities. If combined produce more.
Fill in the blank(s) with the appropriate word(s).
In a circular flow model consisting of the household sector, the business sector, product markets, and resource markets:
A. businesses are sellers of products. B. households are sellers of products. C. resource markets are sellers of products. D. households are buyers of productive resources.