Which of the following accurately depicts the situation of India's trade in services and what it might mean for the global economy?
A) It is not perceived as threatening to the industrialized nations so it is likely to grow without any impact.
B) Because it is nothing new, other economies have had time to adjust.
C) It creates only harm to other national economies.
D) It may lead to protectionist sentiment and policies in other nations as comparative advantages shift.
D
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Cities and towns mainly rely for revenue on
a. property taxes. b. income taxes. c. excise taxes. d. payroll taxes.
Consider the simultaneous choice game represented by the matrix below where Player A chooses either Up or Down and Player B chooses either Left or Right.
i. Discuss whether or not either player has a dominant strategy.
ii. Identify the Nash equilibrium in the game and explain why you have concluded that it is a Nash Equilibria.
iii. Now imagine that the game could be played sequentially. If Player A gets to choose their strategy first, can they do better than in the sequential game than in the equilibrium from the simultaneous game? Explain.