In the strategic view of bargaining:
a. You want to improve your opponent's outside options
b. You want to decrease your outside options
c. Bargaining is of a prisoner's dilemma game
d. Bargaining is of a game of 'chicken'
d
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The above figures show the market for gasoline. Which figure(s) shows the effect of a decision by the OPEC countries in the Middle East to export less oil to the rest of the world?
A) Figure B B) Figure C C) Figure D D) Figures B and C
The reason that most of the coffee that is consumed in the United States comes from Colombia is that
A) Colombia has an absolute advantage in producing coffee relative to the United States. B) Colombia has a comparative advantage in producing coffee relative to the United States. C) coffee cannot be grown in the United States. D) government trade disincentives regarding Colombian coffee make such trade possible.