A game in which players as a group lose at the end of the game is referred to as
A) zero-sum game.
B) negative-sum game.
C) positive-sum game.
D) tit-for-tat game.
Answer: B
Economics
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The exchange rate is the
A) opportunity cost of pursuing a nation's comparative advantage. B) price of one country's currency expressed in terms of another country's currency. C) ratio between imports and exports. D) interest rate that is charged on risk-free international capital flow.
Economics
Which of the following had the highest rate of growth during the period 1948-72?
A) West Germany B) Vietnam C) Japan D) The United States of America
Economics