If two goods were to become even stronger substitutes than before, an economist would expect the cross elasticity to become:

The assumption that given the strategy chosen by the other participant, a player will always choose the strategy that brings him or her the best payoff is called

A) strategic interaction. B) economic self interest. C) the rationality assumption. D) the profit-maximizing assumption.

Firms in Thailand that had ________ while the baht was pegged to the dollar faced interest payments that were higher than they had planned once the Thai government abandoned the peg because the baht had been pegged ________ the equilibrium exchange

rate for the baht. A) borrowed dollars; above B) borrowed baht; above C) borrowed baht; below D) borrowed dollars; below