Economists call a game that is played more than once:

A. cooperative price play.
B. a repeated game.
C. collusion.
D. a commitment strategy.

Answer: B

Economics

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Spending time and money on education are costs of investing in human capital

Indicate whether the statement is true or false

Economics

If the Canadian dollar price of United States dollars increases from C$.80 to C$1.00, it can be concluded that:

A. Both countries are on the international gold standard B. The Canadian dollar has appreciated in value relative to the United States dollar C. The United States dollar has depreciated in value relative to the Canadian dollar D. The Canadian dollar has depreciated in value relative to the United States dollar

Economics