Refer to the scenario above. Which of the following is a winning strategy for this game?
A) A strategy to always show a rock
B) A strategy to always show a paper
C) A strategy to always show scissors
D) A random mix of all the three symbols
D
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Relative to the yen, from 2012-2014 the U.S. dollar
A) depreciated due to an anticipated decrease in the interest rate differential and expectations of a lower future exchange rate. B) appreciated due to an anticipated decrease in the interest rate differential and expectations of a lower future exchange rate. C) depreciated due to an anticipated increase in the interest rate differential and expectations of a higher future exchange rate. D) appreciated due to an anticipated increase in the interest rate differential and expectations of a higher future exchange rate.
The direction of the substitution effect is not influenced by whether the good is normal or inferior
a. True b. False Indicate whether the statement is true or false