In the prisoner's dilemma game, each player's dominant strategy is also the Nash equilibrium

Indicate whether the statement is true or false

TRUE

Economics

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Suppose that domestic investment in Japan is 20.2% of GDP, and Japanese national savings is 24% of GDP. What is Japan's foreign investment as a percentage of GDP?

A) 1.19% B) 3.8% C) 27.8% D) 44.2%

Economics

If the government owes $15.0 trillion and then borrows $900 billion more this year, this leads to

a. a debt of $900 billion and a deficit of $15.9 trillion. b. a debt of $15.9 trillion and a deficit of $900 billion. c. a debt of $14.1 trillion and a deficit of $900 billion. d. a debt of $15.0 trillion and a deficit of $14.1 trillion. e. a debt of $15.9 trillion and a deficit of zero.

Economics