What is a subgame?
A) It is a simultaneous game embedded in a sequential game.
B) It is one that starts at the final decision node of the tree.
C) It is one that begins at any decision node of the tree except the first decision node.
D) It is one that begins at any node of the tree, including the game itself.
D
Economics
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The primary source of revenue for local governments is the property tax
a. True b. False
Economics
In a "pure exchange" market:
a. resources are owned only by the government. b. resources are owned by few people. c. people trade money for goods that are produced in the domestic economy. d. there is no production and people trade money for goods that already exist.
Economics