A surprising outcome of the Rock-Paper-Scissors game is that
A) it is a clear example of a first mover advantage.
B) there is no pure-strategy Nash equilibrium.
C) it is best not to play the game.
D) it is a good way to determine who goes first in a sequential move game.
B
Economics
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A higher discount rate generally decreases excess reserves
a. True b. False Indicate whether the statement is true or false
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For purposes of determining comparative advantage, the cost of producing a good in each of two countries is measured in terms of:
a. metric units only. b. opportunity costs. c. total costs. d. the currency of the importing country. e. the currency of the exporting country.
Economics