What are the outcomes of the following games, assuming the max-min criteria is used?
What will be an ideal response?
There are two equilibria in this game, in which one regime uses a "somewhat restrictive" policy, while the other uses a "very restrictive" policy.
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Regarding central bank independence
A) the Fed is more independent than the European Central Bank. B) the European Central Bank is more independent than the Fed. C) the trend in industrialized nations has been to reduce central bank independence. D) the Bank of England has the longest tradition of independence of any central bank in the world.
Which of the following is an example of direct foreign investment?
A) A U.S. citizen buys stock in a Mexican company. B) The Bank of China buys U.S. Treasury bonds. C) Apple builds a plant in Ireland. D) A company in England buys inputs to production from a German company.