What is the "good news" and the "bad news" about a higher value of the U.S. dollar?
What will be an ideal response?
The "good news" about a higher value of the dollar is that a higher value will make it less expensive for U.S. residents to buy foreign goods. The "bad news" is that U.S. goods become more expensive to residents of other countries, so they buy less of them and U.S. exports decrease.
Economics
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A dominated strategy
A) may be part of a Nash equilibrium. B) is never played. C) can be a best response. D) is always part of a mixed-strategy Nash equilibrium.
Economics
The concept that explains the firm's ability to produce output with differing bundles of resources is called
a. Resource heterogeneity b. Resource immobility c. Barriers to entry d. Imitability
Economics