A dominant strategy is one that is prevailing. ?
Answer the following statement true (T) or false (F)
False
Rationale: A dominant strategy is one that is a strategy that is a best response to all possible strategies of other players.
You might also like to view...
Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower
Which of the following is a potential monetary policy instrument for the Fed?
A) federal funds rate B) loanable funds C) inflation rate D) profit rates E) real interest rate
We measure economic growth by the percentage change in real GDP. In general terms outline the course of the U.S. output growth rate in recent decades, both in terms of its trend and its changes around trend
Pay particular attention to the stability of the growth rate.
Use the concepts of reputation and asymmetric information to explain why some faculty members become less productive after gaining tenure.
What will be an ideal response?