If you take a maximin strategy
A) you are irrational according to economic definition.
B) you are ensuring that the other player gets the worst possible outcome.
C) you are getting the best possible outcome given that the other player does the thing that's worst for you.
D) then both players are doing the best they can given the payoffs in the game.
C
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John, a U.S. citizen, opens up a Sports bar in Tokyo. This is an example of U.S
a. exports. b. imports. c. foreign portfolio investment. d. foreign direct investment.
If households in the economy decide to take money out of checking account deposits and put this money into savings accounts, this will initially
A) decrease M1 and increase M2. B) decrease M1 and decrease M2. C) decrease M1 and not change M2. D) increase M1 and decrease M2.