First-mover advantage is:
A. more important to those who have less to bargain with.
B. more important in a repeated sequential game than in a one-round sequential game.
C. more important in a repeated game than in a sequential game.
D. more important in an ultimatum game than in a repeated game.
Answer: D
Economics
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In 1990, U.S. nominal GDP was $5,744 billion and the GDP chain price index is 93.6 . Real GDP is:
a. $6,137 billion. b. $5,376 billion. c. $6,000 billion. d. $6,376 billion.
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Economists use the word utility to describe the satisfaction one receives from a good
Indicate whether the statement is true or false
Economics