If, in the game in Scenario 13.14, R moves first, C will respond with
A) Q = 50.
B) Q = 100.
C) Q = 150.
D) a mixed strategy over the three choices that includes some positive likelihood for each Q.
E) a mixed strategy over the choices Q = 50 and Q = 100.
A
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When a German company purchases a U.S. company for $20 million, in the balance of payments the value of that transaction is recorded in the
A) current account. B) investment account. C) official purchases account. D) capital and financial account. E) purchase account.
Suppose country A pegs its nominal exchange rate to country B and that country A has a lower inflation rate than country B. In this situation, country A will experience
A) a real depreciation. B) a better trade position. C) a reduction in the real exchange rate. D) all of the above E) none of the above