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Find a real world example of a game-theoretic situation, in which one “player” gains by making a strategic move. Briefly describe the situation. Is the strategic move a commitment, a promise, or a threat? What does the player do to make her/his strategic move credible? [Note: This last question will be graded mostly on effort. So, look around, look for the most interesting example you can find, and have fun.]
If the current yield on a long-term bond is 2%, and the one-year rate of capital gains is -5%, then the one-year rate of return on the long-term bond is equal to ______? Please show all work.
The Keynesian model and the AD/AS model are similar in many ways and different in many ways. A. What are the characteristics of an economy in which the Keynesian model will provide a good estimate of the result of an increase in autonomous expenditur..
q1. describe what we mean by greening and thinking green. list several ways that people and businesses in the green
What is the percentage change in the price of each of the three goods? What is the percentage change in the overall price level? Suppose that the residents of Vegopia spend all of their income on cauliflower, broccoli, and carrots. In 2001 they buy 1..
Consider again the case of a country that suffers an Ebola epidemic that reduces the population by 20%. (a) Given your answer for problem 8 in problem set 1, draw the Aggregate Demand and Aggregate Supply analysis (in the usual output-inflation graph..
Countries A and B have two factors of production, capital and labour, with which they produce two goods, X and Y. Technology is the same in both countries. X is capital intensive; A is capital abundant.
The james bond movie for 1964 was goldfinger. The plot was quite simple: gold tycoon Auric Goldfinger tried to detonate an atomic bomb inside the U.S. Bullion Depository in Fort Knox, thus rendering the gold worthless for decades. Presumably this wou..
Draw the complete Malthusian model, identify equilibrium, and label completely and correctly. Suppose that the government initiates a pro-population growth policy. Draw the implications of this policy change on your graph. Identify changes to equilib..
Explain what happens in these two markets as the number of sellers drops to only one seller. c) explain how part b) illustrates to the first experimental principle
Provide summarized but full discussion of the case in favor of restricting trade. Using a simple model, present the benefits of trade negotiations for countries in today's global economy.
About 32% of all the laptop computers sold in an electronics store have hard disks made by Western Digital, i.e., equation. In a specific shipment, a total of equation laptop computers are received. Treat these 15 laptop computers as a random sample ..
If a perfectly competitive firm raises its price, the quantity demanded of its product __________. The demand curve as perceived by a perfectly competitive firm is __________. Would raising the price for a product create a larger decline in quantity ..
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