« previous next »

Author Question: What are the outcomes of the following games, assuming the max-min criteria is used? What will be ... (Read 29 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?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

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 ...
Of four outcomes people can have after exposure to trauma, the most prevalent is resilience. Others, ... Of four outcomes people can have after exposure to trauma, the most prevalent is resilience. Others, ...
DSM-5 Criteria for Substance Use Disorder DSM-5 Criteria for Substance Use Disorder
Soup’s On! Nutrient claims on the food label must meet strict FDA criteria Soup’s On! Nutrient claims on the food label must meet strict FDA criteria
Percentage distribution of outcomes of teenaged pregnancy Percentage distribution of outcomes of teenaged pregnancy
In 2000, the average charge of tax preparation was 95 . Assuming a normal distribution and a ... In 2000, the average charge of tax preparation was 95 . Assuming a normal distribution and a ...
Video: Action potentials - electrical characteristics and generation

For a complete list of videos, visit our video library