In an extensive-form game, payoff to a player is usually higher if ________
A) he follows a pure strategy
B) he follows a mixed strategy
C) he is the first mover
D) he is the second mover
C
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In 1991 the unemployment rate in the United States rose to 7.1 percent. This is ________ the unemployment rate reached in the depths of the Great Depression
A) about two percentage points more than B) roughly equal to C) about three percentage points less than D) about half of E) less than one-third of
What is the major economic problem with using public works projects (like the WPA program of the 1930s) to end a long lasting recession?
A. The generation of a high government deficit B. The effect of the project on the incentive to work C. The government's inability to eliminate the project completely when the economy has recovered D. The increase in the national debt