In any game, all that is necessary to rule out an outcome is that
a. both players would want to change.
b. one player would want to change.
c. one player is worse off than with some other strategy.
d. both players are worse off than with some other strategy.
b. one player would want to change.
Economics
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Savings accounts pay very low rates of interest. The average return on the stock market is about 10-12%, in the long run. Why would anyone put money into a savings account?
What will be an ideal response?
Economics
Money held to buy bonds in the future represents the
A. Transactions demand for money. B. Interest earning demand for money. C. Bond broker demand for money. D. Speculative demand for money.
Economics