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Author Question: Which among the following situations refers to a zero-sum game? A) Two nations trying to ... (Read 58 times)

james

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on: Jun 29, 2018
Which among the following situations refers to a zero-sum game?
 
  A) Two nations trying to strengthen their diplomatic relations
  B) A business firm deciding upon the terms of partnership
  C) Two players playing a single game of chess
  D) Two teams deciding on the rules of a game

Question 2

The circular flow shows that GDP measures
 
  i. total income.
  ii. total expenditures.
  iii. price changes.
  A) i only
  B) ii only
  C) iii only
  D) i and ii
  E) i, ii, and iii


kjohnson

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


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