« previous next »

Author Question: What are the outcomes of the following games, assuming the max-min criteria is used? What will be ... (Read 32 times)

cmoore54

  • Hero Member
  • *****
  • Posts: 568
on: Jun 30, 2018
What are the outcomes of the following games, assuming the max-min criteria is used?
 
  What will be an ideal response?

Question 2

When Norway unilaterally fixes its exchange rate against the euro and leaves the krone
 
  A) free to float against the non-euro currencies, it is able to keep at least some monetary independence.
  B) free to float against the non-euro currencies, it is unable to keep at least some monetary independence.
  C) free to float against the non-euro currencies, it is able to keep its monetary independence.
  D) run by crawling peg against the non-euro currencies, it is able to keep at least some monetary independence.
  E) fixed against the non-euro currencies, it is unable to keep its monetary independence.


k2629

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 30, 2018
Answer to Question 1

There are two equilibria in this game, in which one regime uses a somewhat restrictive policy, while the other uses a very restrictive policy.

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Examples of criteria for reporting and recording Examples of criteria for reporting and recording
Sample Diet for a College-Aged Female Weighing 132 Pounds, Assuming Light to Moderate Daily ... Sample Diet for a College-Aged Female Weighing 132 Pounds, Assuming Light to Moderate Daily ...
Use of CD4 lymphocyte and HIV RNA counts to predict therapeutic outcomes. Use of CD4 lymphocyte and HIV RNA counts to predict therapeutic outcomes.
Overview of the major events and outcomes of mitosis and meiosis Overview of the major events and outcomes of mitosis and meiosis
Outcomes of Bacterial Conjugation Outcomes of Bacterial Conjugation
The possible outcomes of acute inflammation The possible outcomes of acute inflammation
Video: Inflammation Animation

For a complete list of videos, visit our video library