According to game theorists, a cartel of several firms is an example of a(n)
A) zero-sum game.
B) uncooperative game.
C) cooperative game.
D) noncooperative game.
C
Economics
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If the interest rates suddenly increase, it could cause a shift in the economy from the prosperity phase to the downturn phase in
a. the innovation cycle b. the war-induced cycle c. the housing cycle d. the real business cycle e. internal cycles
Economics
Acyclical variables:
a. Move in the same direction as the business cycle b. Only move in the same direction as the business cycle during recessions c. Only move in the same direction as the business cycle during expansions d. Move in the opposite direction as the business cycle e. None of the above.
Economics