The reason we study the non-strategic sequential labor negotiation game:
a. Is to show that these games usually go on for many rounds
b. Is to show the importance of the first mover being able to commit to an offer
c. Is to show the importance of the second mover being able to commit to an offer
d. Is to show the irrelevance of mover position, given that he is able to commit to a position
d
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What are some of the differences between the population policies of China and India? What factors may have contributed to their success or failure?
What will be an ideal response?
Egypt has exports of $500 million and imports of $750 million. Egypt
a. sells more overseas then it buys from overseas; it has a trade deficit. b. sells more overseas then it buys from overseas; it has a trade surplus. c. buys more from overseas then it sells overseas; it has a trade deficit. d. buys more from overseas then it sells overseas; it has a trade surplus.
The minimum food budget used to determine the poverty line was determined in the:
A. 1960s and is not recalculated to account for rising standards of living. B. 1960s but has been recalculated every decade to account for rising standards of living. C. 1930s and is not recalculated to account for rising standards of living. D. 1930s but has been recalculated every decade to account for rising standards of living.
Which of the following statements about a firm's short-run variable costs is correct?
A) They increase as the level of output decreases. B) They typically include the cost of workers' wages. C) They include the costs of plant and equipment. D) They are always a greater expense than are fixed costs.