A tit for tat strategy, players __________
a. Never strikes first
b. Responds immediately to cheating
c. Limits the punishment to only one period
d. All of the above
d
Economics
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An increase in the value of the U.S. dollar relative to the Japanese yen would be ________ for Japanese owners of U.S
houses who wish to sell those houses, and ________ for Japanese manufacturers operating factories in the United States that export their products back to Japan. A) good news; bad news B) good news; good news C) bad news; bad news D) bad news; good news
Economics
The real rate of interest is 4% and the anticipated rate of inflation is 1%. What is the nominal rate of interest?
A) 1% B) 3% C) 4% D) 5%
Economics