Author Question: Refer to Figure 13.2. If the figure is viewed as a two-player game between Oliver and George, there ... (Read 32 times)

j.rubin · **on:** Jun 29, 2018

Refer to Figure 13.2. If the figure is viewed as a two-player game between Oliver and George, there would be

A) no Nash equilibria.
B) one Nash equilibrium where both players end up at the M position.
C) two Nash equilibria, one where Oliver ends up at position L4 and George ends up at position C4, and one where both players end up at position M.
D) five Nash equilibria, each represented by the two players ending up an equal distance from M.

Question 2

The total federal debt is equal to

A) the total value of all U.S. currency in circulation.
B) the sum of all past deficits minus the sum of all past surpluses.
C) the federal budget deficit minus the federal budget surplus.
D) annual federal tax receipts plus annual federal expenditures.