A decision tree is used when modeling:
A. simultaneous decisions.
B. any type of game.
C. games in which timing matters.
D. a prisoner's dilemma.
Answer: C
Economics
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The GDP deflator is the
A) difference between real GDP and nominal GDP multiplied by 100. B) difference between nominal GDP and real GDP divided by 100. C) ratio of nominal GDP to real GDP multiplied by 100. D) ratio of real GDP to nominal GDP multiplied by 100.
Economics
Connecting public roads in one city to public roads in another is an example of a _____ problem where larger governments can help smaller governments
a. negative externalities b. economies of scale c. prisoners' dilemma d. coordination problem
Economics