Author Question: Protectionism refers to: A) subsidizing imports. B) reduction of trade barriers. C) increased ... (Read 105 times)

mia · **on:** Jun 29, 2018

Protectionism refers to:

A) subsidizing imports.
B) reduction of trade barriers.
C) increased export of goods and services.
D) reducing the competition faced by domestic firms.

Question 2

Which of the following is true of a simultaneous move game?

A) Players choose their actions after knowing the action of the first player.
B) All relevant benefits and costs of each action are taken into account.
C) It involves strategic interactions among a large number of players.
D) This game cannot be represented by a payoff matrix.