All of the following are characteristics of a battle of the sexes game except
A) each player has a tough strategy and a weak strategy.
B) the tough strategy and the weak strategy differ for each player.
C) each player prefers the Nash equilibrium corresponding to his or her tough strategy.
D) each player prefers the same Nash equilibrium.
D
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Suppose the Fed purchases $5,000 in U.S. government securities from the Last National Bank and the Last National Bank's account at the Federal Reserve district bank increases by $5,000 . Which of the following is a result of this transaction? a. The Last National Bank's balance sheet shows a change in the composition of its assets. b. Both the Last National Bank's assets and its liabilities
rise by $5,000. c. Both the Fed's assets and its liabilities fall by $5,000. d. Only the Fed's liabilities change, while its assets remain unchanged. e. This transaction decreases the money supply.
Which of the following countries receives the largest share of U.S. exports?
a. Mexico b. Germany c. Japan d. Canada e. United Kingdom
If a price increase of Product A increases the quantity demanded of Product B, then Product B is a/an;
(a) Inferior product. (b) Complementary product. (c) Substitute product. (d) None of the above.
All other things being equal, globalization
A. benefits people whose skills are relatively scarce on world markets, and hurts those whose skills are relatively common. B. benefits countries that have wealthy, highly educated workforces, and hurts countries that have poor, badly educated workforces. C. benefits countries that have relatively low wages, and harms countries that have relatively high wages. D. benefits manufacturing firms and hurts service firms.